Ferro Molybdenum and Tungsten Powder Prices Stabilize in China

Analysis of latest tungsten market from Chinatungsten Online

The ferro molybdenum and tungsten powder prices are unchanged from the previous trading day on severe situation of the Sino-US trade talks and heavy wait-and-see atmosphere in the market. 

In the off-season, market demand is weak and the terminal manufacturing industry is in recession, plus with stricter environmental protection inspections, output cuts in the raw material side and uncertainty of the flow of Fanya tungsten stocks, the whole tungsten market is in a stalemate. Now most of market participants are waiting for the new guide prices from listed tungsten companies. 

Tungsten concentrate sellers are reluctant to sell their products at low prices under tightening availability of raw materials while ammonium metatungstate(APT) market stabilizes the offer levels as smelting factories try to avoid the risk of price inversion. Insiders are cautious to deal in the tungsten powder market and the outlook remains unclear. On the whole, the whole market is weak in demand and low in trading activity.

Prices of tungsten products on Aug. 7, 2019

ferro molybdenum price image

Picture of tungsten powder

tungsten powder image

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