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China’s Tungsten Powder Price Keeps Firm in Late June, 2021

Posted by: Chris Na 2021-06-30 Comments Off on China’s Tungsten Powder Price Keeps Firm in Late June, 2021

China’s tungsten Powder Price Keeps Firm in Late June, 2021

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Category: Tungsten’s News
Published on Wednesday, 30 June 2021 19:31

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium paratungstate (APT) prices continue to keep firm in late June, 2021 when low-price resources are hard to find and high-price deals are rarely concluded in the market. 

Under the influence of economic recovery of the manufacturing industry and inflation risk caused by over-issuance of the US dollar, market liquidity is expected to increase. However, the interference of cost, demand, epidemic and other factors makes it difficult for on-site consumption to make a breakthrough.

Since the increase of bid prices of large enterprises last week, tungsten raw material market has brought a wave of rising rhythm. The price of typical products such as APT has increased from $263.7/mtu to $274.4/mtu, and tungsten powder price has climbed from 35.9/kg to $36.5/kg. Relatively speaking, the price of tungsten ore continues its style of stability, hovering around $15,873/t. Although the increase is not as sharp as that of smelted products, it is like Dinghai Shenzhen, which can offer support for downstream and boost market mentality. 

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