Ferro Tungsten Price Tended to Stabilize on March 11, 2021

Analysis of latest tungsten market from Chinatungsten Online

Chinese ferro tungsten and tungsten powder prices were adjusted limitedly in the week began on Monday March 8, 2021 with raw material suppliers’ willingness of shipment increased. 

On the basis of insiders’ good expectation for COVID-19 control, the recovery in economy and demand, and price rise of commodities, insiders believed the market outlook is expected. The current price decline is mainly to release risks and lower down the growth. 

China’s CPI (Consumer Price Index) fell by 0.2% compared to 2020, and rose by 0.6% compared to last month, maintaining price stability during the Spring Festival, according to statistics from the Bureau of Statistics. Among them, pork faced sharp drop by 14.9% year-on-year and 3.1% month-to-month. Meanwhile, the PPI (Ex-factory Price Index of Industrial Producers) rose by 1.7% year-on-year and 0.8% month-on-month.

Prices of tungsten products on March 12, 2021

ferro tungsten price image

Picture of ferro tungsten 

ferro tungsten image

Follow our WeChat to know the latest tungsten price, information and market analysis.

 

 

WeChat