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China’s Tungsten Powder Price Kept Firm in July due to Tight Feedstock

Posted by: Fymicohuang 2021-07-15 Comments Off on China’s Tungsten Powder Price Kept Firm in July due to Tight Feedstock

China’s tungsten Powder Price Kept Firm in July due to Tight Feedstock

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Category: Tungsten’s News
Published on Friday, 16 July 2021 10:27

Analysis of latest tungsten market from Chinatungsten Online

Chinese ammonium paratungstate (APT) and tungsten powder prices continue to kept firm on July 14, 2021 as producers raised offer prices, in response to a rise in trading activity and firmer feedstock prices.

Raw material supplies gradually recover in mid- or late July after the celebration of the 100th anniversary of the founding of the Chinese communist party that ended on 1 July that heralded the safety inspections.

However, more producers are scheduled to begin summer equipment maintenance during July-August. Expected cuts to output are forecast to relieve surplus supplies and help increase the price. 

With the concern for they would not be able to replenish stocks at favorable prices with the domestic price rising, Chinese exporters raised their offer prices. But most participants still take a watchful stance, waiting for further guidance from the market as well as political and economic environment. 

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