Tungsten Powder Price Stabilizes on Unclear Market Outlook in August

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in the Chinese market are unchanged from last week as the market outlook remains unclear and transactions are still in a relatively low level. 

Producing companies replenish stock slowly as they remain low operating rate in the off reason. While downstream buyers are not active in taking goods. The continued spread of Covid-19 worldwide and political risks result in the reduced exports, but fortunately, the effectively control in domestic coronavirus help the recovery of the industrial production.

Now both the supply and demand sides are weak in the market. In the short term, market participants would take a watchful stance, waiting for new guidance from the market.

Prices of tungsten products on August 18, 2020

Picture of tungsten powder 

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