China Tungsten Powder Price Is in a Stalemate in the Middle of June

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China are in a stalemate in the week ended at Friday June 19, 2020 due to quiet market trading, persistent weakness in the demand side and cautious sentiment of market participants. 

In the tungsten concentrate market, buyers and seller had diffident expected prices for raw materials. On the one hand, smelting factories were reluctant to sell their products at low price as the profits were tight; on the other hand, downstream users remained low demand for stocking up and tried to seek for lower prices. Therefore, market transactions were hard to increase. 

In the APT market, most smelting factories were cautious as they feared the risk of price inversion. Low-price raw materials were hard to be purchased while buyers were not willing to but high-price goods. Moreover, the market lacked of liquidity when the economy were slowly recovering under the impact of COVID-19.  

Orders from downstream tungsten alloy and product market were less in the tungsten power market and insiders were negative about the outlook. But with the support from the raw material markets and increasing demand, transactions will not increase but prices also will not decline sharply.

Prices of tungsten products on Jun. 22, 2020

tungsten powder price image

Picture of tungsten trioxide 

tungsten trioxide image

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