Tungsten Bar Prices in China Decline With the Impact of Coronavirus

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten bar prices in China continue to decline when many global industries expect a global slowdown in the second half of 2020 due to the impact of coronavirus. With the approaching of holiday of Tomb-Sweeping Day, most market participants take a watchful stance. 

In the tungsten concentrate market, consumers hold cautious sentiment while raw material manufacturers are reluctant to cut profits for more sales. As a result, trading deals are hardly concluded. The ammonium metatungstate(APT) market faces pressure of weak demand, capital shortage and high inventories, so product prices drop below the level of $199.4/mtu. As for the tungsten powder market, it gets weak support from the raw material side. Many traders tend to decline prices for more deals, but downstream users are not active in inquiry. The tungsten powder price would remain weak adjustment in the beginning of April.

Prices of tungsten products on Apr. 1, 2020

Picture of tungsten bar 

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