Ferro Tungsten Price Remains Stable on Quiet Market Trading

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium metatungstate (APT) prices in the Chinese market are unchanged from the previous trading day when most market transaction prices are close to the line of production cost. Therefore, raw material manufacturers and smelting factories are reluctant to sell at low prices in order to avoid risks of price inversion. 

In addition, downstream users are negative about the demand with low activity in taking orders. Both buyers and sellers have different expected prices for products and thus trading is thin. 

Although tungsten concentrate suppliers are will to sell their products at about $11,764.7, downstream manufacturing companies would suffer the stress from high production costs. Therefore, the market now lacks liquidity. Smelting factories in the APT market is caught in wait-and-see atmosphere and seek to more sales at prices from 202.7/mtu to 206.0/mtu but transactions are hardly concluded at the level.

Prices of tungsten products on Jun. 17, 2020

Picture of tungsten powder 

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