Ferro Tungsten Price Stabilizes As the Market Is in a Stalemate

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in the Chinese market maintain stability as the market is in a stalemate. Most market participants take a watchful stance, waiting for new tungsten forecast prices from tungsten associations. 

In the tungsten concentrate market, floods and other disastrous climates, as well as rectification and environmental protection inspection in Hunan, Hubei and other places have a certain impact on the supply of tungsten ores. Therefore, sellers are reluctant to sell their goods and the psychological price is generally at $12,500.00/t. but the downstream purchasing capacity is limited, and overseas epidemic continues to spread, the demand is still low. 

In the APT market, the supporting of cost side is strong, and the supply of low-price resources is difficult to be found. Some manufacturers have speculated their products to $216/mtu but no deals concluded. As the domestic economy and demand recovery are still difficult to offset the industry's worries about international trade, downstream users remain cautious.

Prices of tungsten products on Aug. 6, 2020

Picture of tungsten acid 

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