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China’s Tungsten Concentrate Price Stabilizes at $17,777.8/ton on Tight Supply

Posted by: Fymicohuang 2021-10-21 Comments Off on China’s Tungsten Concentrate Price Stabilizes at $17,777.8/ton on Tight Supply

China’s tungsten Concentrate Price Stabilizes at $17,777.8/ton on Tight Supply

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Category: Tungsten’s News
Published on Thursday, 21 October 2021 18:50

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price kept firm on October 18, 2021 as the global new energy is still severe. The whole tungsten market is in a stalemate with the cost side supporting suppliers’ offers and the demand side affecting the willingness of buyers to take the initiative to receive goods. 

The tungsten concentrate price stabilizes at $17,777.8/ton temporarily. With the impact of global epidemic and environmental protection measures, the increase in mineral products is limited. Although the back-end production demand has also been partially suspended, in the context of the slow or accelerated recovery of the global manufacturing economy after the epidemic, holders still have a positive view of the market outlook.

The ammonium paratungstate (APT) price hovers around $313.9/mtu. Under the shortage of raw and auxiliary materials, manufacturers have higher psychological expectations, and downstream terminals continue to worry about demand performance. The fear of high prices is obvious, and thus market purchases and sales are cautious.

The price of tungsten powder stands about $42.2/kg. The energy supply in winter is insufficient, and the raw material cost of smelters has increased; however, electricity and production restrictions affect the production and consumption of some alloy enterprises. The overall supply and demand of the market remain deadlocked, and the spot market is adjusted accordingly.

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