Ferro Tungsten Price Stabilizes Due to the rise in Average Tungsten Forecast Prices

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China keep firm as the rise in new average tungsten forecast prices from listed tungsten companies boosted market confidence. But affected by persistent weakness in the demand side and the instability in international economy and politics, the price increase is limited. 

China's Xianglu Tungsten released its new offers for the second half of July: 55% black tungsten concentrate was quoted at $12,132.4 per ton, showing an increase of $485.3 per ton compared with the first half of this month; 55% scheelite concentrate was quoted at $11,985.3 per ton, up $483.3 per ton; ammonium paratungstate(APT) was quoted at $209.4 per mtu, up $5.0 per mtu.

Now the demand side is recovering slowly and market participants mainly take a watchful stance. Therefore, market deals are hard to be concluded. In the short term, the market is expected to maintain stability. 

Prices of tungsten products on July 30, 2020

tungsten powder price image

Picture of tungsten powder 

tungsten powder image

Follow our WeChat to know the latest tungsten price, information and market analysis.