China Tungsten Concentrate Market Is Supported by Tight Supply

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China keep stable early in this week. Although trading in the raw material side seems not increased, raw material manufacturers try to raise product offers. 

The tungsten concentrate market has good trading atmosphere benefiting from high production costs and tight supply. But with the increased products profits, the room for price negotiated becomes large. In the APT and tungsten powder market, the deadlocked situation between upstream and downstream is continuing. Producing companies still face pressure of price inversion and remain cautious sentiment. Now the quotation is mainly offered to the new guide prices from listed companies.

The global manufacturing sector moved back into expansion territory in July, as output and new orders started to revive following the slump caused by the coronavirus disease COVID-19 outbreak. Business sentiment also started to recover, hitting a five-month high, but the labour market downturn continued with job losses registered for the eighth straight month. The J.P.Morgan Global Manufacturing PMI rose to a six-month high of 50.3 in July, up from 47.9 in June and back above the neutral 50.0 mark for the first time since January.

Prices of tungsten products on Aug. 11, 2020

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Picture of tungsten powder 

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