China APT Price Fell Due to Sluggish Demand

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continued to drop in the week ended on Friday April 3, 2020 as the market was caught in heavy wait-and-see atmosphere with persistent weakness in the demand side. Manufacturers faced pressure of high inventories and capital shortage while smelting factories cut output for a new round of maintenance.  

The tungsten concentrate market was weak owing to deadlocked supply and demand. Sellers were difficult to maintain current offers and prices have been dropped below $11,764.7/t. the ammonium metatungstate(APT) price also fell to the level of $199.4/mtu and downstream users still took a watchful stance. For the tungsten powder market, the sluggish demand besides China and transportation constrains to other countries deceased market deals. The market remained weak. 

Prices of tungsten products on Apr. 7, 2020

Picture of tungsten carbide powder 

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