China's tungsten price down, pressure building

Mysteel's price for ferrotungsten (W content 80%) is hovering at Yuan 179,000/tonne ($27,121/t) including 16% VAT as of July 16 after dropping by Yuan 1,000/t on day from July 10. Market sources are seeing signs of a downward correction looming.

Mysteel’s price for ferrotungsten (W content 80%) is hovering at Yuan 179,000/tonne ($27,121/t) including 16% VAT as of July 16 after dropping by Yuan 1,000/t on day from July 10. Market sources are seeing signs of a downward correction looming.“The market sentiment has cooled and sales are subdued because