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.