Cesium Tungsten Bronze Price Is Weak in Early November on Sluggish Demand

Analysis of latest tungsten market from Chinatungsten Online

The tungsten bar and cesium tungsten bronze prices in China continue to be weak owing to the uncertainty in the US election and persistent weakness in the demand side. 

Tungsten concentrate price hovers around $12,769.2 per ton, ammonium metatungstate(APT) price is at $217.3 per mtu and tungsten powder price edges lower at $29.3 per kilogram. In the short term, insiders may wait for the new guide prices for the market.  

The market has focused on the US election in recent days. Will the election result have an impact on the tungsten market? It may be hard to make a conclusion, but surely the policies of US president affect the import and export of tungsten products. 

In fact, everything is uncertain in the world. All we can do is to actively respond to the complex and volatile international situation by improving the quality of products. After all, China’s tungsten resource reserves have an absolute advantage in the world. How to take the road of high-quality development, get rid of the status of high-end products relying on imports, and regain the right to speak in the pricing of tungsten raw materials, still requires joint efforts of all participants. 

Prices of tungsten products on November 6, 2020

Picture of tungsten plate 

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