China Ferro Tungsten Price Stabilized in the Last Trading Day of 2020

Details: Category: Tungsten's News; Published on Monday, 04 January 2021 18:04

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China maintained stability in the last trading day of the year of 2020 as the market is immersed in a festival atmosphere.

Now most market participants remain cautious sentiment, waiting for new average tungsten forecast prices for the first half of January, 2021. In addition, the Covid-19 continues to spread all over the world, which worries insiders and affects the import and export of tungsten products.

The tungsten concentrate market keeps firm because sellers are optimistic about the outlook. Chinese environmental protection inspection, power limited of factories and stop production to undergo repair reduce production and concentrate prices stabilize at 13,650.8 per ton to $13,968.3 per tone.

Prices of tungsten products on January 4, 2021

China ferro tungsten price image