Ferro tungsten Price Stabilized in Late May Due to Lukewarm Demand
- Category: Tungsten’s News
- Published on Tuesday, 25 May 2021 17:03
Analysis of latest tungsten market from Chinatungsten Online
The ferro tungsten and ammonium paratungstate (APT) prices remain stable in late May, 2021 because the market is in a lukewarm state. Raw material manufacturers are reluctant to sell while downstream buyers keep cautious sentiment.
For smelting factories, they are mainly taking a watchful stance. On the one hand, production cost may be raised under the pressure of environmental protection, epidemic prevention and inflation; on the other hand, the demand side is unstable with the impact of the conflict between the epidemic and international economic and trade. In addition, changes in the macro atmosphere such as the RMB exchange rate and commodity prices have a certain impact on the market mentality.
Regarding the market in late May, most insiders believe it will continue its stability. But in June, participants will pay more attention to actual orders of factories as well as new guide prices for the market.
China’s Jiangxi Tungsten lifted its bid price for black tungsten concentrate at $15,555.6/t, an increase of $158.7/t from the first half of this month.
Link to this article：Ferro Tungsten Price Stabilized in Late May Due to Lukewarm Demand
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