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China’s Tungsten Powder Price Stood Firm on the Rise in Raw Material Prices

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium paratungstate (APT) prices continued to rise in the week ended on Friday, April 23, 2021. On the one hand, environmental checks tightened the supply of raw materials; on the other hand, the rise of new reference prices for the second half of this month shored up confidence of insiders. 

Tungsten concentrate price tended to climb to $15,873/t with rare deals concluded. Most suppliers waited for high prices considering the current market while buyers also kept cautious and delayed their replenishment. The late market mainly depends on the demand. 

New orders in the APT market were increased slowly and APT price was difficult to be raised to $269/mtu. Several APT producers in Ganzhou city in south China's Jiangxi province faced pressure of price inversion and were committed to fulfilling long-term contracts. 

As for the tungsten powder market, price stood firm at around $36.5/kg droved by the rise in raw material prices. Due to low buying appetite of end users both at home and abroad, deals in the market were limited.

Prices of tungsten products on April 26, 2021

Picture of tungsten carbide powder 

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