Limited Room for Further Price Declines in China Tungsten Market

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China tungsten market are expected to stabilize because market participants believe there is little room for price falls after witnessing steady declines in recent weeks.

Mining companies would rather store the raw materials at warehouses than sell to the market at current prices. It is difficult to source tungsten concentrates in the market. Offer from tungsten ore rise to $11,764.7/t. APT plants also are stuck in an awkward situation. They can neither purchase cheap concentrates nor sell APT at higher prices. Thus, they prefer to store their products in warehouses, expecting the market to move up in late May or June when the Covid-19 pandemic in overseas markets might be brought under control. 

Prices of tungsten products on May 14, 2020

Picture of ferro tungsten 

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