Ferro Tungsten Prices in China Keep Firm in Early October

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate(APT) prices in China continue to keep firm in the week began on Tuesday October 8, 2019. Transactions for spot raw materials increase, but most of buyers prefer low-price resources, so buyers and sellers still have different views on trading prices. 

The sellers are relatively optimistic about the cost-end support, cautiously watching the changes in the market supply and demand pattern, and the external offer is close to the guide prices from listed tungsten companies. the purchasing power of buyers is under pressure; orders of terminal manufacturers are difficult to increase, and corporate funds are not loose.

Xiamen Tungsten's offer for APT in the first half of October was $237.5/mtu, up $16.4/mtu compared with the second half of September. The rise boosts market confidence to some extent.

Prices of tungsten products on Oct. 10, 2019

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Picture of tungsten carbide powder 

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