Tungsten Concentrate Market Is Under Pressure Due to Lukewarm Demand

Details: Category: Tungsten's News; Published on Thursday, 16 July 2020 13:53

Analysis of latest tungsten market from Chinatungsten Online

The Chinese domestic tungsten concentrate market has been under pressure since late October due to lukewarm demand from end users after customers retreated from the market. Concentrate suppliers cut their offer prices to encourage buying in the face of weak market confidence.

Demand for ammonium paratungstate (APT) in Europe and the United States is still struggling to recover from the effects of Covid-19 but prices might be approaching a floor. The APT market in Europe faced losses over June when prices fell to their lowest since October 2019 while buying appetite outside of China remained weak as the manufacturing disruptions and Covid-19 lockdowns have dampened market demand for tungsten products since the beginning of the year.

Prices of tungsten products on July 15, 2020

tungsten concentrate price image