Ferro Tungsten Price in China Stabilizes on Boosted Market Confidence

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China continue to remain stable in the wake of high average tungsten forecast prices boosting market confidence. Suppliers in the raw material side try to raise product prices while most downstream users hold cautious sentiment. 

In the tungsten concentrate market, the prices in the spot market climb to $12,205.9 per ton with no deals concluded at the level. Affected by high temperature, heavy rain and logistic constrain, the rebound in the market is limited. 

In the APT market, suppliers make offers at around $207.7 per mtu. Unfortunately, end buyers remain low buying appetite. Manufacturers keep low operating rate, waiting for clear outlook for the demand side. 

The tungsten powder market shows good signs following the raw material markets. Prices hover around $28.2 per kilogram. Considering the uncertain market outlook for the market, insiders are cautious at present.

Prices of tungsten products on July 23, 2020

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Picture of tungsten trioxide 

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