China Tungsten Price Was Strong in the Middle of September

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was strong in the week ended on Friday September 11, 2020 supported by the rise in the new average tungsten prices from listed companies, despite the demand side was not very active. 

At present, insiders generally believe that prices of raw materials are expected to pick up in the future. Firstly, the cost side keeps firm; secondly, insiders expect good for the traditional season of Golden September; finally, the recovery of downstream applications such as infrastructure, automobiles, and 3C may drive the market to stably receive goods. 

Generally speaking, the deep processing fields such as powder and back-end cemented carbide are more difficult to recover due to high production cost but downturn in the export market. It is difficult to increase the prices of products. In the short term, insider mainly wait for the next move in the market. 

China’s Xianglu Tungsten released its offers for the first half of September: black tungsten concentrate was quoted at $12,794.1 per tone, up $367.6 per tone from the second half of August; scheelite concentrate was quoted at $12,647.1 per tone, up $367.6 per tone; APT was quoted at $218.5 per mtu, up $5.8 per mtu compared with the second half of August.

Prices of tungsten products on September 14, 2020

China tungsten price image

Picture of yellow tungsten oxide 

yellow tungsten oxide image

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