Tungsten Price in China Maintained Stability in the Middle of May

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China maintained stability in the week ended on Friday May 15, 2020 as raw material manufacturers held strong rised mentality while downstream users were not active in trading. The whole market trading remained muted. 

In the tungsten concentrate market, tungsten ores prices showed signs of rise to about $11,764.70/t, but actual transactions were difficult to be concluded at the level. Intermediate traders and terminal buyers expressed that their consumption was low to take plenty of orders. 

The APT market was in a stalemate. Manufacturers can neither purchase cheap concentrates nor sell APT at higher prices. Thus, they preferred to store their products in warehouses. As for the tungsten powder market, orders from downstream tungsten carbide and product companies were still low. The export also reduced with the impact of continuing spread in overseas markets. In the short term, the market would be under pressure.

Prices of tungsten products on May 18, 2020

Picture of tungsten acid 

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