Weak Consumer Demand Put Downward Pressure on Ferro Tungsten Prices

Analysis of latest tungsten market from Chinatungsten Online

Weak consumer demand continued to put downward pressure on ammonium paratungstate (APT) and ferro tungsten prices in the week began on Monday May 18, 2020. 

The two markets have been under pressure for the past few months with the spread of the Covid-19 virus continuing to reduce demand for tungsten products. Most market participants remained cautious sentiment, waiting for new guide prices from listed companies and the news from Two Sessions. 

The Chinese export price for ammonium paratungstate (APT) was unchanged in a quiet market. Most market sources did not receive any overseas inquiries. Some of them received several inquiries in the past week, but were from speculators, to whom theydon’t want to sell. Actually, they prefer to sell to downstream users, whose demand remained sluggish.

Prices of tungsten products on May 20, 2020

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Picture of blue tungsten oxide 

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