Demand Lull and Fanya Stocks Weighed on China Tungsten Market

Analysis of latest tungsten market from Chinatungsten Online

The tungsten power and ferro tungsten prices in China maintained stability but showed signs of rise in the week ended on Friday August 30, 2019 when a steel downturn in consumer spot demand and Fanya stock concerns weighted on the market. 

The supply of raw materials remained tight due to environmental protection reducing production continually, so most of sellers were reluctant to sell at low prices and mainstream tungsten product prices tended to rise. However, the whole market demand was still at a low level. In addition to the demand lull, potential oversupply from the bankrupt Fanya Metal Exchange stocks further weighed on the market. Fanyais believed to have held around 30,000t of APT stocks when it collapsed, and this could be sold at auction — as was the case with the indium stocks sold earlier this year.

Prices of tungsten products on Sep. 2, 2019

China tungsten market image

Picture of tungsten powder 

tungsten powder image

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