China Tungsten Powder Price Stabilizes When Positive Signals Emerge in the Market

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China keep steady when positive signals emerge in the market. Market confidence also is supported by the stabilization of new guide prices and active replenishment of purchasers at the end of the year. But the outlook remains unclear considering the weak demand and complex trading environment. 

Chinese exporters of ammonium paratungstate (APT) held their offers firm in the past week due to the recent rapid appreciation of Chinese yuan against the dollar - this despite the fact that domestic prices had edged down in early November.

It is reported that China's economy continued to recover steadily in October. The added value of equipment manufacturing industry increased by 10.8% year-on-year. In terms of product output, new energy vehicles, industrial robots, excavating and shoveling transportation machinery, microcomputer equipment, and integrated circuits increased by 94.1%, 38.5%, 30.2%, 28.0%, and 20.4% respectively. These will further stimulate the downstream consumption of tungsten.

Prices of tungsten products on November 19, 2020

Picture of tungsten powder 

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