China Tungsten Price Maintained Stability with the Approaching of Labour Day Holiday

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintained stability in the week began on Monday, April 26, 2021 with the approaching of Labour Day holiday and continuing environmental checks in major tungsten producing areas. Now the market is caught in wait-and-see atmosphere with rare deals reported. 

In the tungsten concentrate market, output cuts and suspensions in the major production hubs of Jiangxi and Hunan provinces following a new round of environmental checks have prompted sellers to withhold material from sales and lift offer prices. but with the impact of weak demand, market price tends to stabilize. 

Several ammonium paramolybdate (APT) producers in Ganzhou city in south China's Jiangxi province are committed to fulfilling long-term contracts, resulting in limited spot supplies. The whole market transactions also are limited as most insiders are not willing to trade with the coming of holiday. 

Production cuts in the raw material side have pushed tungsten powder manufacturer to raise their offers to about $36.5/kg. Main consumers, downstream alloy and product enterprises, become cautious in stocking and pay more attention to the move of end users. In the short term, the market will stabilize. 

Prices of tungsten products on April 27, 2021

China tungsten price image

Picture of tungsten acid 

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