tungsten Powder Markets in China Keep Quiet in Early 2020
- Category: Tungsten’s News
- Published on Wednesday, 08 January 2020 18:50
Analysis of latest tungsten market from Chinatungsten Online
The ferro tungsten and tungsten carbide powder prices in China continue to maintain stability in wake of the stabilization of offer levels released by listed tungsten companies. Buy affected by the holiday of Chinese New Year, the whole market transactions are limited.
China's Xiamen Tungsten quoted its ammonium paratungstate (APT) offer at $224.4/mtu, unchanged from the last round.
In the tungsten concentrate market, the deduced supply of raw materials make sellers keep firm offers. Chinese environmental protection, annual maintenance of factories and low operating rate of factories boost market confidence. So low-price resources are hardly found but prices are under pressure by sluggish demand.
The APT and tungsten powder markets are stable in the short term due to the quiet market. Most market participants take a watchful stance, waiting for further instructions from the market. Market transactions need to be followed up.
Link to this article：Tungsten Powder Markets in China Keep Quiet in Early 2020
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