Chinese Ferro Tungsten Prices Stabilize in December on Quiet Market

Details: Category: Tungsten's News; Published on Wednesday, 01 January 2020 17:29

Analysis of latest tungsten market from Chinatungsten Online

Chinese ferro tungsten and tungsten powder prices remain stable as most of insiders take a watchful stance in the market. With the approaching of New Year, downstream users are not willing to stock up, so prices got less support. Most listed tungsten companies tend to stabilize in December concluded from their offers.

APT producers have had to reduce production due to a lack of new orders, which indicates a lack of demand for APT. This means that the market has excess capacity at the moment. The point at which demand exceeds supply has not yet come

Some market sources said that the weak demand for APT in China can be attributed to the decline in use of cemented carbide rods – a key downstream market for APT – in the automotive sector as a result of a decline in output from the country’s automotive market.

Prices of tungsten products on Dec. 26, 2019

ferro tungsten prices image