China Ferro Tungsten Price Continues to Tumble on Summer Slowdown
- Category: Tungsten's News
- Published on Thursday, 16 July 2020 17:31
Analysis of latest tungsten market from Chinatungsten Online
The ferro tungsten and tungsten powder markets continue to soften in response to weakening demand with both China and overseas markets entering the summer slowdown. Producers have to slash offer prices to min available considering the current low prices.
China Seaborne ore prices fell in response to lower offers for August shipments, with some market participants remaining bearish about the near-term outlook due to rising portside stocks and higher-than-expected volumes of cargoes flowing to China (particularly for 37% material). There was good buying interest at prevailing spot-market levels, considered less risky than a few weeks ago, but this was insufficient to outweigh ample supply.
Prices of tungsten products on July 16, 2020
Picture of tungsten trioxide
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