China tungsten Market Continues to Keep Strong on July 13, 2021
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- Category: Tungsten’s News
- Published on Wednesday, 14 July 2021 19:21
Analysis of latest tungsten market from Chinatungsten Online
China tungsten market continues to keep strong on July 13, 2021, especially for raw material markets. It is reported that tungsten ore prices were raised to $17,460.3/t despite of rare deals concluded.
At present, the tungsten market is beneficial from 1) popularization of vaccines and economic recovery; 2) application expansion of new infrastructure and new energy, chip IT industry, etc., and the recovery of demand in mechanical processing fields such as the traditional automobile industry and aerospace and aviation; 3) rising prices in the European and American markets; 4) overlying factors such as stricter environmental protection, tighter freight, and rising labor costs.
China’s Xianglu Tungsten released its bid prices for the first half of July: 55% black tungsten concentrate price was $15,952.4/t, up $555.6/t compared from the second half of June; 55% scheelite concentrate price was $15,793.7/t, up $555.6/t; APT price was $274.4/mtu, up $10.8/mtu from late last month.
Link to this article：China Tungsten Market Continues to Keep Strong on July 13, 2021
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