Tungsten Carbide Powder Price in China Rises Slightly in Early August
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- Category: Tungsten's News
- Published on Tuesday, 04 August 2020 18:02
Analysis of latest tungsten market from Chinatungsten Online
The ammonium paratungstate (APT) and tungsten carbide powder prices in China rise slightly in the first trading day in August but the demand remains lukewarm.
The benefits for price increase come from the strong cost side and the support of the speculative atmosphere at the raw material end, and the main disadvantage comes from the epidemic and the closure of the international economic and trade environment dominated by geopolitical risks. Industry insiders have obvious concerns on the demand side. The actual operating sentiment remains cautious.
China’s Purchasing Managers Index (PMI) was 51.1% in July 2020, an increase of 0.2 percentage points from the previous month, and was above the threshold for five consecutive months, according to the data from the National Bureau of Statistics. In terms of sub-indices, the production index was 54.0%, a month-on-month increase of 0.1 percentage point, and was above the threshold for five consecutive months, indicating that manufacturing production volume continued to grow month-on-month; the new order index was 51.7%, a month-on-month increase of 0.3 percentage points, up for 3 consecutive months, indicating that the manufacturing market demand is gradually picking up; the raw material inventory index was 47.9%, a 0.3% increase from the previous month, indicating that the decline in the manufacturing main raw material inventory continued to narrow; the employee index was 49.3%, a 0.2% increase from the previous month.
Prices of tungsten products on Aug. 4, 2020
Picture of tungsten powder
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