Tungsten Powder Prices in China Stabilize on Limited Transactions

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, the ferro tungsten and tungsten powder prices in China maintained stability as the market is still in a stalemate with rarely transactions concluded. Market participants have different views toward the outlook. 

Mining enterprises have strong rised mentality and are reluctant to sell at low prices. The offer for tungsten concentrate is raised to $11,764.70/t from 11,470.60/t. Under the persistent weakness in the demand side and the uncertainty in economy, downstream users worry the market. Purchasers remain cautious on taking goods. Most offers of APT and tungsten powders mainly refer to new guide prices from tungsten institutions. In the short term, the focus of the market would be the influence of Two Sessions to the tungsten market as well as new offers from listed tungsten companies.

Prices of tungsten products on May 12, 2020

China tungsten powder prices image

Picture of tungsten trioxide 

tungsten trioxide image

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