Ferro Tungsten Prices Are Weak As Traders Wait on Stimulus Measures

Analysis of latest Tungsten Carbide Plate tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market are in the downward trend Cemented Carbide Drill Bits due to continued spread of corovarius besides China affecting exports, delivery of products. Most market participants hold a pessimistic view on the market in April. 

However, global tungsten markets are likely to recover in the second half of 2020 as supply and demand move closer to balance compared with last year, but political instability and trade tensions in major industrial economies could limit demand growth. The future trend in the tungsten market depends on how long the global coronavirus situation lasts and whether China’s new infrastructure projects can boost economic growth.

Prices of tungsten products on Mar. 26, 2020

Picture of tungsten trioxide powder 

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