Analysis of latest tungsten market from Chinatungsten Online
China tungsten price maintained stability in the week ended on Friday September 18, 2020 as most enterprises considered profit-taking but transactions were still limited.
In the tungsten concentrate market, raw material sellers remained cautious in increasing supply. Under firm production costs and good expectation for the demand recovery, sellers mainly took a watchful stance. For the APT and tungsten powder markets, downstream users were not active in stocking up, resulting in low liquidity, while suppliers Tungsten Carbide Plate adjusted their offers in a narrow range.
Overall, the current macro environment is still uncertain, but stable recovery of domestic economy will support the market. In the short term, the tungsten market will be in a period of rational adjustment.
In terms of news, the national economy continued to recover steadily in August, and the added value of industrial enterprises above designated size nationwide increased by 5.6% year-on-year, and the growth rate was 0.8% higher than that in July; the month-on-month growth was 1.02%. the national industrial added value above designated size increased by 0.4% year-on-year, and the growth rate turned tungsten carbide bars from negative to positive from January to August.
Prices of tungsten products on September 21, 2020
Picture of tungsten powder
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