China's Xianglu Tungsten Declined its Offers for the First Half of June

Analysis of latest tungsten market from Chinatungsten Online

The tungsten carbide powder and ferro tungsten prices in the Chinese market are under pressure because of low trading activity, cautious market sentiment and low consumption both at home and abroad. 

Firstly, the coronavirus and geopolitical risk affect insiders' confidence for the international economy; secondly, the import and export are still influenced by the logistic constrains, and domestic market does not receive many inquiries from overseas markets; thirdly, the new guide prices from listed tungsten companies raised slightly, which are not boost market confidence. 

China's Xianglu tungsten released its offers for the first half of June: 55% wolframite concentrate was quoted at $11,764.7/t, down $191.2/t; 55% scheelite concentrate was quoted at $11,617.6/t, down $191.2/t; APT was quoted at $205.7/mtu, down $1.7/mtu from the second half of May.

Prices of tungsten products on Jun. 12, 2020

Picture of blue tungsten oxide 

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