China Tungsten Powder Prices Are Weak in Wake of the Spread of Coronavirus

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate(APT) and tungsten powder prices in China continue to remain weak adjustment in wake of the spread of coronavirus overseas. Domestic downstream manufacturing industry has not fully recovered, and insiders are cautious about the outlook for the global economy. Besides, global stock markets have taken a big hit, which has caused a panic in the market.  

As transactions are limited in the tungsten concentrate market, factories face pressure of high inventories and are willing to selling their products. Offers in the market are lower than before, even below $13,235.3/t in some regions. In the APT market, the demand from markets besides China is weak. Many purchasers postpone their purchasing plans and use existing inventories. 

China's Xiamen Tungsten quoted APT at $229.3/mtu in the second half of March.

Prices of tungsten products on Mar. 18, 2020

Picture of tungsten trioxide 

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