Ferro Tungsten Price Is Weak Affected by the Spread of Coronavirus

The ferro tungsten and tungsten powder prices in the Chinese market remain weak adjustment as the market lacks liquid affected by continued spread of coronavirus around the world. Many authorities have to partially reinstate lockdowns, which reduces the transactions from overseas markets.

The tungsten concentrate market is in a stalemate due to persistent weakness in the demand side. Mining enterprises are reluctant to sell at low prices while buyers seek for low-price resources. Given that, actual transactions are hardly concluded. Smelting factories remain low operating rate to avoid risks and purchase based on rigid demand. Most insiders are waiting for new guide prices from tungsten institutions. The tungsten powder market is weak but supported by high production cost.

Prices of tungsten products on July 1, 2020：