China Tungsten Powder Market Is in a Stalemate in the Middle of November

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China are under pressure due to persistent weakness in the demand side and negative sentiment of market participants. In the short term, the tungsten may continue its weakness considering the current situation. 

In the tungsten concentrate market, mining enterprises set their deadline of offer at around $12,307.7 per tone. Due to the deadlock supply and demand, rare deals were reported. But most suppliers are reluctant to sell at low prices given high production cost. 

In the APT market, actual transaction prices hover around $217.3 per mtu. Smelting factories have great pressure of price inversion and thus they remain low operating rate. As for the tungsten powder market, prices stabilize at $30 per kilogram with limited transactions concluded. Most insiders take a watchful stance, waiting for further guidance.

Prices of tungsten products on November 11, 2020

Picture of tungsten trioxide 

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