Ferro Tungsten Prices in Europe Climbed to Its Highest Since July 2018

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices keep stable on the whole as the tightening availability of raw material due to the Coronavirus reduce the impact of weakness demand. Sellers are not willing to cut profits for more sales while downstream buyers prefer to consume their current stocks first. In the short term, market participants pay more attention to the new guide prices from listed tungsten companies. 

Ferro tungsten prices in Europe climbed to its highest since July 2018 while worries over delayed shipments from China and the availability of prompt units continued to support higher prices. The ammonium paratunsgate (APT) price in Europe was unchanged but supported at current levels amid a concentrate shortage and logistical difficulties in China. Consumers remained on the sidelines with no business during the pricing week. Offers have now moved up the product prices. 

Prices of tungsten products on Mar. 4, 2020

Picture of tungsten needle 

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