Tungsten Powder Prices in China Stabilize on April 30, 2020

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in the Chinese market continue to maintain stability in the last trading day in April. Upstream producing companies are reluctant to sell at low prices although downstream buyers become active in inquiry. With the coming of the holiday of May Day, the market is expected to stabilize in the short term. 

Jiangxi Province, China's base of tungsten and heavy rare earth industries, saw all major production firms fully resume production in March in the sectors.

Impacted by the outbreak of COVID-19, tungsten and rare earth enterprises in Jiangxi suspended production for 15 to 20 days in the first two months, when the revenue of tungsten industry stood at 3.12 billion yuan (440.5 million U.S. dollars), down 15.2 percent year on year, and the rare earth industry at 2.25 billion yuan, down 24.3 percent year on year.

The provincial department of industry and information technology said in March, with supporting policies from the provincial government, all major tungsten and rare earth enterprises has solved labor and logistics problems to resume operation.

Prices of tungsten products on April 30, 2020

Picture of tungsten trioxide 

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