The Ferro Tungsten and Tungsten Carbide Powder Prices in China Declined

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in China are still in the downward trend in early July due to negative sentiment of insiders affected by weak demand and thin market trading. 

Downstream smelting factories transfer their pressure of price inversion to the raw material markets and thus tungsten concentrate prices fall below $12,500/t. miners are hard to sell their products despite environmental protection inspection and companies’ output cuts tighten the supply. 

Surplus supply is pressing the ammonium metatungstate (APT) market. Recently, Sino-US trade relation has eased slightly, but traders' views for fundamentals such as demand, inventory, and funds are still not positive. In the downturn in spot transactions, APT prices continue to be in a stalemate. The inquiry decreases and prices drop below $194.2/mtu.

Prices of tungsten products on Jul. 4, 2019

Picture of tungsten powder 

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