China Ferro Tungsten Price May Rise Despite of Weak Demand

Details: Category: Tungsten's News; Published on Tuesday, 17 November 2020 16:53

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate(APT) prices show signs of rise in the week began on Monday November 16, 2020 despite the market is in a stalemate. However, affected by high production cost, sellers still keep firm offers, resulting in decreased low-price resources.

Transactions in the Chinese market are restricted by persistent weak demand due to the second wave of Covid-19 in Europe, America, India and so on. Under the circumstances, smelting factories in the APT, tungsten powder manufacturers and miners mainly take a watchful stance. At present, insiders have different views towards the outlook and the market is expected to remain cautious in the short term.

Prices of tungsten products on November 17, 2020

ferro tungsten price image