China’s Import and Export of Tungsten Products Fell in July

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and cesium tungsten bronze prices in the Chinese market maintained stability in the week ended on Friday August 28, 2020 due to low trading activity and wait-and-see atmosphere in the market. 

For the supply and demand sides, the raw material suppliers have strong rised mentality. Although downstream becomes active in the inquiry, transactions are hardly concluded at high prices. The whole market is in stalemate. 

In terms of news, the new round of tungsten forecast prices quoted by large tungsten companies in early week released a certain signal in stability; China’s import and export of tungsten products both fell in July, indicating that overseas markets are still affected by the epidemic; the profit growth rate of China’s industrial enterprises continued to accelerate, reflecting that domestic industrial economy continues to recover with the implementation of a series of epidemic prevention and favorable policies. 

China's import of tungsten products was 522.61 tons in July, down 7.5% month-on-month; export was 939.61 tons, down 25.23% month-on-month, according to the customs data. In terms of specific products, exports of ammonium metatungstate (691%), ammonium paratungstate (208%), and tungsten scrap (408%) have increased significantly. Tungsten trioxide (-88%) and tungsten powder (-53%) ), Tungsten (-39%) and other exports fell sharply.

Prices of tungsten products on August 31, 2020

Picture of tungsten powder

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >