Tungsten Carbide Powder Prices in the Chinese Market Are Weak

Details: Category: Tungsten's News; Published on Wednesday, 11 March 2020 18:28

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market remain weak adjustment affected by the imbalanced supply and demand and weakened market confidence.

Most companies have been resumed production since March, but the demand is weak both at home and abroad due to the worldwide spread of new coronavirus. Industry insiders worry about the demand and capital sides and sellers have strong willing to sell their products.

In the tungsten concentrate market, the supply of raw materials is adequate but buyers mainly take a watchful stance. As a result, market transactions are hardly concluded and traders consider profit-taking. Tungsten concentrate prices dropped from a high level.

Market participants in the ammonium metatungstate (APT) market become rational with the impact of coronavirus and current demand situation worldwide. Now the market faces pressure and product prices declined to the level around $236.00/mtu. The tungsten powder market also is weak with limited new increased orders.

Prices of tungsten products on Mar. 11, 2020

tungsten carbide powder prices image