China Ferro Tungsten Price Was Weak as the Market Was in a Stalemate
- Details
- Category: Tungsten's News
- Published on Wednesday, 24 March 2021 10:16
Analysis of latest tungsten market from Chinatungsten Online
China ferro tungsten and ammonium metatungstate (APT) prices remained weak adjustment in the week ended on Friday March 19, 2021 when participants mainly focused on the supply of raw materials and the demand side.
In the face of low demand and a slight price decline, some traders were profit-taking. While most enterprises believed that the decline was limited considering the following three reason. First, tight supply and high production costs supported the market; second, new infrastructure, carbon neutrality and other policies are beneficial to the development of downstream industry; third, the overseas economy and demand are expected to recover on the post-COVID era. In the short term, the market is likely to be in a stalemate.
Prices of tungsten products on March 22, 2021
Picture of tungsten tube
Follow our WeChat to know the latest tungsten price, information and market analysis.
- Tungsten Manufacturer & Supplier, Chinatungsten Online: www.chinatungsten.com
- Tungsten News & Prices of China Tungsten Industry Association: www.ctia.com.cn
- Molybdenum News & Price: news.molybdenum.com.cn
- Tel.: 86 592 5129696; Fax: 86 592 5129797; Email: sales@chinatungsten.com