tungsten Concentrate Price Keeps High due to Firm Cost of Raw Materials
- Category: Tungsten’s News
- Published on Tuesday, 07 September 2021 10:56
Analysis of latest tungsten market from Chinatungsten Online
At the beginning of the week, China’s domestic tungsten price remains stable as the market is caught in heavy wait-and-see atmosphere. Buyers are not active in taking goods while sellers keep strong offers. Most participants wait for the new guide prices from the market.
Tungsten concentrate price is stalemate at about $17,777.8/ton owing to quiet market. However, mining enterprises still have good expectation for the outlook under the background of environmental protection, carbon reduction and imported inflation push up the cost of raw materials.
Ammonium paratungstate (APT) price is hovering around $299.5/mtu with deals hardly concluded. Some enterprises consider profit-taking, but terminal buyers are not active, and transactions are still limited. In addition, high cost makes APT manufacturers cautious to avoid risk of price inversion.
The tungsten market is weak. Since the epidemic, the enthusiasm for overseas purchases has cooled and international transportation capacity has been tight, which makes downstream cemented carbide and tungsten products companies receive fewer orders, and it is difficult to release new demand for raw tungsten powder. Although the economic stimulus policies of various countries in the post-epidemic era are good for the recovery of demand, before the actual implementation of the transaction volume, the industry still maintains a high degree of vigilance against market liquidity risks.
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