China Tungsten Powder Price Stabilized in Early February

Details: Category: Tungsten's News; Published on Tuesday, 02 February 2021 17:34

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China maintained stability in the first trading day on February 1, 2021 when most factories are gradually stopping production with the approaching of the holiday of Chinese Spring Festival.

About the market outlook, there are certain differences between the upstream and downstream expectations. Insiders in the raw material market believed the market is expected to remain tight supply and high prices, given that the output is limited under stricter environmental inspection and power limits, and global economy and demand may recover after the holiday.

However, downstream end users are still worried about overseas epidemics and demand patterns. From the perspective of last year's business strategies of various companies, they carried out "internal cycle" and shifted their business from export to domestic sales. The actual overall foreign trade market was not good. In addition, the recent increase in product prices by alloy companies is basically due to high cost and tight supply caused by rising raw material prices, instead of the demand. On the whole, the market is caught in wait-and-see atmosphere at present.

Prices of tungsten products on February 2, 2021

China tungsten powder price image