Tungsten Concentrate Market in China Keeps Stable Amid Limited Deals

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China continue to maintain stability with limited spot trading in the market after many suppliers had sold out their cargoes available for this month.

Suppliers in the tungsten concentrate market are not willing to sell their products. Most of them take a watchful stance and keep firm offers at above $12,058.8 per ton. The buying interest outside of China is still limited and transactions need to be followed up. 

A number of smelters in the APT market plan to reduce production to avoid risk of price inversion and try to raise product quotations to about $207.7 per mtu, but the deals seem no good. In the short term, market participants are expected to focus on the economy recovery.

Prices of tungsten products on July 24, 2020

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Picture of tungsten acid 

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