China Ferro Tungsten Price Remains Strong on Firmer Domestic Market

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China remain firm on the emergence of higher offers due to strength in the domestic market and an appreciation of the yuan against the US dollar. 

The tungsten concentrate market features having prices but no sales. Sellers have strong rised mentality while downstream continues its weakness. The APT suppliers have raised their offer prices above $215 per mtu in anticipation of further increases in the domestic market. As for the tungsten powder market, as the demand side remains low trading activity, the whole trading seems low. 

In July 2020, China's tungsten concentrate imports were 388.043 tons, an increase of 353.62% year-on-year and an increase of 41.64% month-on-month. The export of ammonium paratungstate was 171.95 tons, an increase of 41.14% year-on-year and an increase of 690.78% month-on-month; the export of tungsten trioxide was 45.15 tons, a decrease of 79.84% year-on-year, and a decrease of 88.05% month-on-month; the export of tungsten carbide was 232.84 tons, a decrease of 40.96% year-on-year and a decrease of 29.11% month-on-month; the export of ferro-tungsten is 63 tons, a decrease of 70.70% year-on-year and a decrease of 39.42% month-on-month, according to the data from customs. 

Prices of tungsten products on August 28, 2020

Picture of tungsten powder 

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