Smelting Factories Took a Watchful Stance in the APT Market

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in the Chinese market remained weak adjustment in the week ended on Friday Jun. 5, 2020 due to persistent weakness in the demand side. The COVID-19 is till spreading worldwide, resulting in a relatively negative sentiment of traders and weak market prices. 

There was limited room for price rebound in May in the tungsten concentrate market. Due to the low level of downstream users' consumption and deadlocked supply and demand in the market, transactions were difficult to be concluded and raw material prices hovered around $11,764.7/t. 

In the APT market, most smelting factories took a watchful stance to avoid risks of price inversion and capital shortage. The high production costs supported the market price but the still can not offset the weakness from the demand side. As for the tungsten powder market, it was weak, keeping in line with raw material markets. Tungsten powder price declined below $28.7/kg. in the short term, market participants will wait for the new guide prices from listed tungsten companies.

Prices of tungsten products on Jun. 9, 2020

Picture of APT 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >