China’s Domestic tungsten Price Continues to Remain Strong in July
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- Category: Tungsten’s News
- Published on Tuesday, 20 July 2021 19:18
Analysis of latest tungsten market from Chinatungsten Online
China’s domestic tungsten price continues to remain strong in the week began on Monday, July 19, 2021 under tightening availability of raw materials. Can tungsten ore price reach $19,047.6/t in the middle of August?
Now tungsten concentrate price is high to $17,142.9/t and is expected to reach $17,460.3/t in the short term; ammonium paratungstate (APT) price stands at $283.4/mtu but fails to break through $287/mtu; tungsten powder price is $38.4/kg with rare deals concluded; ferro tungsten price is $24,761.9/t and the market is active.
In fact, the rise in tungsten prices in the past month can be regarded as a late supplement to the previous surge in bulk commodity prices, and the actual supply and demand situation in the market is not optimistic. Although raw material market is strong boosted by rised mentality of miners, as the price rises and the market profits accumulate, a re-adjustment of the market may be triggered. At least the national purchasing and storage of tungsten concentrate and Pan-Asia legacy APT inventory are still two sharp swords hanging on the market. Of course, the former exists to reserve strategic resources and regulate the market, and the degree of investment will not cause too much impact on the market. However, the latter may not be necessary.
Link to this article：China’s Domestic Tungsten Price Continues to Remain Strong in July
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