China Tungsten Price Was Stable on September 27, 2020

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was stable in the week ended on Friday September 25, 2020 as the demand in the Golden September failed to meet market expectations. However, market participants still had good expect for the consumption growth of downstream industries such as new infrastructure.

At present, the whole market is being corrected. And with the approaching of Mid-autumn Festival and National Day, insiders will wait for the change in the relationship between supply and demand, and the news side. 

In the tungsten concentrate market, sellers are reluctant to cut product profits, and the liquidity of spot resources are poor. Transaction prices hover around at $12,500 per tonne. The APT market seems little new orders concluded because smelting factories still face pressure of price inversion. Product offers at $216 per mtu are even hardly to be traded. As for the tungsten powder market, some traders worry about the demand side and economy situation to lower powder prices while others keep stable prices. In the short term, the market would be stable. 

Prices of tungsten products on September 27, 2020

Picture of tungsten trioxide 

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