China Tungsten Powder Prices Continue to Drop in Late March

China ferro tungsten and tungsten powder prices continue to drop in the week began on Monday March 30, 2020 due to profit cuts of products and slowdown in manufacturing output. Most market participants take a watchful stance at the end of this month.

In the tungsten concentrate market, although traders reduce prices, transactions are not increased and prices hover around $11,764.7 per ton. The control in production capacity, release of national policy, domestic infrastructure recovery and resource value manifestation may boost tungsten prices. Purchasers in the APT market remain weak purchasing enthusiasm and also seek for low-price resources. Smelting factories face risk of price inversion. For the tungsten powder market, it will continue to be weak with the slow terminal side.