China APT Market Was Quite Due to Continued Spread of Coronavirus

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China declined slightly in the week ended on Friday October 30, 2020 when the market tended to stabilize with the impact of persistent weakness in the demand side. In the short term, market participants will focus on the US election and new guide prices for the first half of November.  

In the tungsten concentrate market, mining enterprises faced little pressure of capital shortage and with the support of high production costs, they remained stable sentiment and were reluctant to sell at low prices. Therefore, few deals were concluded. 

The APT market was caught in heavy wait-and-see atmosphere with weakened market confidence and low trading activity. Most offers were stabilized at about $219 per mtu. As for the tungsten powder market, the export was low due to the second wave of norovirus in overseas markets, and thus the market kept stable. Given that, the market is expected to be unchanged in early November.

Prices of tungsten products on November 2, 2020

Picture of tungsten carbide powder 

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