China Tungsten Powder Market Is Affected by Worsening Covid-19

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten powder prices in the Chinese market stabilize in early week began on Monday October 19, 2020 due to different psychological prices of buyers and sellers and low trading activity in the market. 

In the tungsten concentrate market, high production costs support miners’ strong rised mentality. Some businesses start to stabilize their offers after considering profit-taking, but downstream users purchaser product slowly. For the APT market, the liquidity is poor and smelting factories mainly take a watchful stance with the impact of risk of price inversion. Most transactions are concluded at about $222.5 per mtu. The tungsten powder market is still affected by worsening Covid-19 in overseas markets. Some market participants would reduce prices for more sales, and prices are most quoted below $30.8 per kilogram. 

Prices of tungsten products on October 20, 2020

Picture of tungsten powder 

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