China’s Tungsten Concentrate Market Stabilizes on Low Trading Activity

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices continue to remain stable in the week began on Monday September 21, 2020 due to weak demand and low trading activity. 

In the tungsten concentrate market, downstream users are not active in taking goods while suppliers consider profit-taking but with limited transactions concluded. The APT market is caught in wait-and-see atmosphere as most market participants wait for the next move in the market. As for the tungsten powder market, deadlocked supply and demand is continuing and trading may not improve in the short term. 

Zhu Guangyao, the former vice minister of China's Ministry of Finance, said on the 19th that China's actual economic growth will exceed the expectations of international organizations this year. The International Monetary Fund predicts that China's economy will grow by 1% in 2020, making it the only country in the world's major economies with positive growth. The World Bank predicts that China's economy will grow by 1.6% in 2020, and the OECD (Organization for Economic Cooperation and Development) will grow by 1.8%. However, the continuing spread of Covid-19 in many countries in Europe and Asia has put greater pressure on the prospects for global economic recovery.

Prices of tungsten products on September 22, 2020

Picture of tungsten trioxide 

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