Ferro Tungsten Price Stabilizes Due to Reduced Trading Activity in September

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ferro tungsten prices in the Chinese market tend to stabilize due to reduced trading activity. As most downstream users can not accept high-price raw materials, they purchase products rationally. In addition, with the approaching of Mid-Autumn Festival and National Day holidays, the market is expected to stabilize in the short term. 

Buyers and sellers in the tungsten concentrate market have different psychological prices for products. Although sellers would like to make shipment, they are reluctant to cut profits. As a result, the whole market trading is limited. 

New increased orders in the APT market are low because the market is caught in wait-and-see atmosphere. Due to low operating rate of smelting factories, as well as the support of epidemic prevention and economic stimulus policies, the supply and demand are relatively balanced, but there is a certain risk of price inversion. Participants maintain certain confidence in the market outlook and wait for the demand recovery in the short term.

Prices of tungsten products on September 17, 2020

Picture of tungsten acid 

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