Ferro Tungsten Prices Are Weak Due to a Lack of Liquidity in the Market

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market remain weak as market participants face great pressure from high costs of raw materials. The market seems difficult to rebound in the short term affected by the continued spread of the coronavirus. 

In the tungsten concentrate market, sellers receive inquires, but are required to reduce their offers. The market transactions are rarely concluded. Miners remain low operating rate and concentrate price fell below $11,029.4/t. 

In the ammonium metatungstate (APT) market, downstream remains sluggish demand while smelting factories face deadlocked supply and demand and risks of price inversion. Insiders are not optimistic about the market outlook and offers decline to $191/mtu. The tungsten powder market also remains quiet, waiting for the next move in the market.

Prices of tungsten products on Apr. 15, 2020

Picture of tungsten ore 

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