China’s tungsten Powder Price Stabilizes Amid Thin Spot Trading Conditions
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- Category: Tungsten’s News
- Published on Thursday, 03 June 2021 19:35
Analysis of latest tungsten market from Chinatungsten Online
China’s tungsten powder and ferro tungsten prices are unchanged from the previous trading day on June 2, 2021 amid thin spot trading conditions and cautious sentiment of participants.
In the tungsten concentrate market, sellers are reluctant to sell at low prices and only received few feedbacks after making offers at high level. As downstream consumption is not improved, concentrate prices are difficult to climb.
Ammonium paratungstate (APT) producers expressed that overseas markets were quiet over the past week because they had received limited inquiries from abroad and did not get feedback from buyers after making offers. Deals now are hard to conclude in the market.
In May, Caixin China's manufacturing PMI was 52, an increase of 0.1 percentage point from the previous month, the highest point since 2021. The Caixin Think Tank stated that the manufacturing industry continued to expand in May, with strong domestic and overseas demand, steady supply recovery, job stability, and the manufacturing boom remained at a relatively high level. The momentum for economic recovery in the post-epidemic era still remains.
Link to this article：China’s Tungsten Powder Price Stabilizes Amid Thin Spot Trading Conditions
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