Tungsten Concentrate Market Features Increased Spot Resources but Poor Liquidity

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China are kept in a relative high level in the wake of a slight rise in the new guide prices from tungsten institutions. In the short term, the market tends to stabilize. 

Now insiders hold different views towards the outlook. Some of them expects good for the recovery in domestic economy and demand side, while others worry that the spread of Covid-19 in overseas markets and economic and trade conflicts among countries will have certain impact on the export. 

In the tungsten concentrate market, spot resources increase after price rise, but the liquidity remains poor as downstream buyers and traders are cautious in taking orders. Suppliers are reluctant to cut product prices as they expect higher price in the future.  

The APT market is weak in the balance of supply and demand. Smelting factories try to avoid the risk of price inversion considering high raw material prices but weak demand. Now the price stands at around $219.4 per mut. 

The tungsten powder market is supported by the raw material market. and affected by the cautious sentiment of traders and buyers, the market has prices but no sales. Market participants mainly wait for the next move in the market.

Prices of tungsten products on September 11, 2020

tungsten powder price image

Picture of tungsten trioxide 

tungsten trioxide image

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