Tungsten Powder Price Stabilized in January Despite of Tight Supply
- Details
- Category: Tungsten's News
- Published on Wednesday, 27 January 2021 09:55
Analysis of latest tungsten market from Chinatungsten Online
The ammonium metatungstate (APT) and tungsten powder prices in China maintained stability in the week began on Monday January 25, 2021 as market participants kept cautious sentiment with the approaching of Chinese Spring Festival.
On the one hand, environmental inspection, power limit of factories and the control in the spread of Covid-19 increase production and transportation costs of companies, plus with some factories stop production to undergo repair, the supply reduces and thus sellers have strong rised mentality; on the other hand, with the impact of worsen Covid-19 worldwide and international economic and trade conflicts, the demand is hard to recover. Market consumption reduces in the short term.
On the whole, the tungsten market is supported by high production costs and trading is not increased accordingly. In the short term, insiders will be cautious, waiting for the recovery in the economy, demand side and funds.
Prices of tungsten products on January 26, 2021
Picture of tungsten powder
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