Ferro Tungsten Price in China Stabilizes in the First Trading Day of 2021

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China maintain stability in the first trading day of the year 2021 as market participants just come back from the holiday of New Year’s Day. 

Major tungsten producing areas continue to limit power and some of downstream alloy enterprises plan to raise their offers. Moreover, consumers will gradually restock raw materials. Therefore, insides have good expectation for the outlook at present. 

For downstream buyers, they are still cautious to take goods due to continued spread of Covid-19 all over the world and the instability in trading environment. Actual transactions fail to meet market expectation. 

On the whole, the market is in a stalemate now. insiders seem cautious, waiting for new guidance from the market as well as the situation in the demand side.

Prices of tungsten products on January 5, 2020

Picture of tungsten rod 

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