China’s Domestic tungsten Price Is Stable in the Middle of October
- Category: Tungsten’s News
- Published on Friday, 15 October 2021 10:53
Analysis of latest tungsten market from Chinatungsten Online
China’s domestic tungsten price is temporarily stable in the middle of October owing to the quiet market. The rebound since late September is mainly due to the energy crisis and inflation from upstream to downstream.
The sharp increase in raw material costs is given priority to the APT processing fee, and then prices of APT products is raised accordingly. Meanwhile, the front-end ore price and the powder price associated with it have recovered to varying degrees.
Relatively speaking, the feedback of the cemented carbide industry is lagging behind, mainly due to the curtailment of electricity and production policies affecting the production activities of some alloy companies and their downstream application companies. In addition, the global economic momentum slowed down in the fourth quarter, and the industry's expectations of the market demand recovery are generally not high. At present, the market is still in a stalemate and the adjustment of tungsten products slows down.
Link to this article：China’s Domestic Tungsten Price Is Stable in the Middle of October
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