China’s Ferro tungsten Price Stabilizes in Response to Quiet Trading Activity
- Category: Tungsten’s News
- Published on Thursday, 27 May 2021 18:59
Analysis of latest tungsten market from Chinatungsten Online
China’s ferro tungsten and tungsten powder prices continue to maintain stability on May 26, 2021 in response to deadlocked supply and demand, and cautious sentiment of participants.
Offers of tungsten ores mostly stand above $15,555.6/t. Under the impact of inflation and rised commodity, manufacturers do not face pressure of capital shortage and thus are not reluctant to sell their products. Given that, actual transactions are limited.
Ammonium paratungstate (APT) price hovers around $263.7/mtu. Although smelting factories would like to raise their offers, affected by weak demand, transaction prices mainly stabilize. As for the tungsten powder market, orders from downstream alloy factories do not increase and the whole market remains lukewarm.
Link to this article：China’s Ferro Tungsten Price Stabilizes in Response to Quiet Trading Activity
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