China’s Domestic tungsten Price Keeps Firm in Early July on High Cost
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- Category: Tungsten’s News
- Published on Tuesday, 06 July 2021 17:01
Analysis of latest tungsten market from Chinatungsten Online
China’s domestic tungsten price keeps firm in the week began on Monday, July 05, 2021 boosted by high production cost and strong rised mentality of manufacturers. As the demand seems not improved significantly and new bid prices for early this month are not released, participants take a watchful stance.
Manufacturers in the tungsten concentrate market worry about the cost rise in mining, environmental protection, epidemic prevention, carbon neutrality, and inflation. In addition, with the consumption of high-grade tungsten resources, factories are turning to the development and production of low-grade resources, difficulties and costs are also facing increasing. Most sellers hold their offers at $16,349.2/ton.
The APT market is greatly affected by the macro and the fundamentals of supply and demand. The former is mainly reflected in the export, which is suppressed by relevant anti-epidemic measures and logistics freight under international epidemic situation and Sino-US trade tensions. Fundamentally, the actual production capacity of the market is still facing the risk of excess, and Pan-Asia inventory is also one of the reasons why the industry is cautious. The cost factor is the main support point for the recent increase in factory offers. APT price now reaches to $278/mtu.
Link to this article：China’s Domestic Tungsten Price Keeps Firm in Early July on High Cost
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