China Tungsten Price Remained Weak Adjustment in Late June

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained weak adjustment in the week began on Monday June 22, 2020 as the market is in a stalemate and most market participants hold a watchful stance. The weakness of new guide prices also affected the confidence of insiders. 

Supported by high production costs but pressed by weak demand, buyers and sellers in the tungsten concentrate market have different psychological prices. Product prices hovered around at $11,764.7/t with low trading. Both the upstream and downstream industries in the APT market lack liquidity and factories face pressure of low selling prices. Therefore, traders are not active in trading. The prices are referred to offers of mainstream product offers. In the tungsten powder market is weak when the coronavirus presses the enthusiasm both at home and abroad. The demand and capital sides are under pressure and the market is expected to remain quiet.

Prices of tungsten products on Jun. 23, 2020

Picture of blue tungsten powder 

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