tungsten Concentrates Price Is Easing off on Increased Supply and Reduced Demand
- Category: Tungsten’s News
- Published on Saturday, 21 March 2020 17:14
Analysis of latest tungsten market from Chinatungsten Online
The tungsten price in China is still in the downward trend as market participants are active to sell their products for capital repatriation, but the whole market remains weak due to sharp decline in oil price, panic sentiment in stock markets, sluggish demand and logistic constrains around the world. In the short term, the market will continue to be weak.
APT producers are under pressure from domestic and foreign markets so reduced purchases of tungsten concentrates, while mines gradually resume production. With increased supply and reduced demand, the tungsten concentrates price is easing off. As buyers delay their purchasing plans, new increased order in the tungsten powder market is limited. Offers for tungsten powder drop below $32.4/kg.
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