Analysis of latest tungsten market from Chinatungsten Online
The ferro tungsten and ammonium metatungstate (APT) prices in China maintain stability but show signs of rise in the middle of February but market deals are rarely concluded when the operating rate of the industry is low due to the epidemic. The market outlook remains unclear with heavy wait-and-see atmosphere.
The workers at the production line are difficult to come back to work in the tungsten concentrate market, resulting in supply shortage. In addition, the epidemic prevention works and material preparation increase the cost of products. Therefore, most sellers are reluctant to sell, and prices break through the level of 13,235.3/t.
The APT market also features Cemented Carbide Tool increased product prices but low trading activity due to the availability of raw materials and transport restriction. China's Xiamen Tungsten quoted APT at $231/mtu, rising slightly compared with last month.
As of February 17, among the 71 members that have reported the restart of production, there has a 58% recovery rate, a 63% staff recovery rate, and a 62% equipment operation rate, according to the statistics of the China Tungsten Industry Association.
Prices of tungsten products on Feb. 19, 2020
Picture of blue tungsten oxide
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