Ferro Tungsten Price Remains Stable Due to a Lull in Activity in the Chinese Market

Details: Category: Tungsten's News; Published on Wednesday, 02 June 2021 19:15

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and ferro tungsten prices remain stable in the first trading day in June due to a lull in activity in the Chinese market. At present, most participants mainly wait for a new round of average tungsten forecast prices from China’s Ganzhou Tungsten Association and bid prices from listed companies.

Affected by inflation expectation and environmental protection, tungsten concentrate manufacturers hold their offers firm. Moreover, the recovery in world economy further shores up market confidence. But there are little deals reported in the market due to low trading activity.

The APT market has been in a difficult situation in the face of strong raw material prices but weak buying appetite of downstream demand. Smelting factories worry about risk of price inversion and pressure of capital shortage and thus remain cautious sentiment.

The tungsten powder market is caught in heavy wait-and-see atmosphere with the impact of stable upstream as well as low trading of downstream alloy market. Its export market still faces many instabilities from the pandemic and geopolitical risk.

Prices of tungsten products on June 2, 2021

ferro tungsten price image