Monthly Tungsten Market Report Mar 2020
2020-04-20 09:43:38 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
Domestic tungsten market in March: Although the domestic epidemic was gradually under control, as the COVID-19 epidemic spread globally, leading to weak end demand and falling prices in the market. Companies were more cautious in purchasing, and only purchased based on orders, resulting in a substantial drop in orders from various companies. In early March, tungsten concentrate suppliers had a strong willingness to sell and cut prices one after another, but at this time the downstream users had no intention of receiving large quantities of materials. The prices for tungsten concentrate fell all the way in March, and the prices for APT and tungsten carbide powder also fell along the way. Due to the weak domestic demand and the continuous decline in the prices for the tungsten market, the tungsten scrap holders sold in panic. The prices for tungsten grinding swarf scrap, tungsten scrap CNC cutting blade, tungsten scrap drill and tungsten scrap anvil continued to decrease.
Foreign tungsten market in March: Due to the spread of the COVID-19 epidemic worldwide, some plants abroad were shut down. Foreign demand was weak, and the market saw limited transactions. The prices for APT, tungsten carbide powder, and ferrotungsten continued to fall.
Domestic tungsten market in March: Although the domestic epidemic was gradually under control, as the COVID-19 epidemic spread globally, leading to weak end demand and falling prices in the market. Companies were more cautious in purchasing, and only purchased based on orders, resulting in a substantial drop in orders from various companies. In early March, tungsten concentrate suppliers had a strong willingness to sell and cut prices one after another, but at this time the downstream users had no intention of receiving large quantities of materials. The prices for tungsten concentrate fell all the way in March, and the prices for APT and tungsten carbide powder also fell along the way. Due to the weak domestic demand and the continuous decline in the prices for the tungsten market, the tungsten scrap holders sold in panic. The prices for tungsten grinding swarf scrap, tungsten scrap CNC cutting blade, tungsten scrap drill and tungsten scrap anvil continued to decrease.
Foreign tungsten market in March: Due to the spread of the COVID-19 epidemic worldwide, some plants abroad were shut down. Foreign demand was weak, and the market saw limited transactions. The prices for APT, tungsten carbide powder, and ferrotungsten continued to fall.
