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Analysis of latest tungsten market from Chinatungsten Online

China tungsten tungsten carbide sheet price continued to drop in the week ended on Friday April 3, 2020 as the market was caught in heavy wait-and-see atmosphere with persistent weakness in the demand side. Manufacturers faced pressure of high inventories and capital shortage while smelting factories cut output for a new round of maintenance.  

The tungsten concentrate market was weak owing to deadlocked supply and demand. Sellers were difficult to maintain current offers and prices have been dropped below $11,764.7/t. the ammonium metatungstate(APT) price also fell to the level of $199.4/mtu and downstream users still took a watchful cemented carbide rods stance. For the tungsten powder market, the sluggish demand besides China and transportation constrains to other countries deceased market deals. The market remained weak. 

Prices of tungsten products on Apr. 7, 2020

Picture of tungsten carbide powder 

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Analysis of latest tungsten market from Chinatungsten Online

The tungsten concentrate and ammonium paratungstate (APT) prices start to show signs of rise after the stabilization in the previous stage in sluggish spot conditions. 

Tungsten concentrate price remained firmly above 82, Cemented Carbide Inserts 000 yuan ($12,058.8) per tonne amid tight spot supply. Cargo holders continued to refrain from selling the material with the recovery in the back-end infrastructure and automobile industries, and supported by environmental protection and high production cost. But transactions are hardly concluded at the level. 

In Europe, pices fell by nearly 5% for both grades with suppliers cutting offer prices and doing deals well below the previous range. During the week, there were slightly more bids reported tungsten carbide rods from traders in comparison with the very quiet previous months, while producers showed no resistance to low prices in a bid to destock. Spot activity improves from last month.

Prices of tungsten products on July 17, 2020

Picture of blue tungsten oxide 

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