China Tungsten Market Remained Strong in July due to Reduced Spot Availability

Details: Category: Tungsten's News; Published on Tuesday, 20 July 2021 19:16

Analysis of latest tungsten market from Chinatungsten Online

The China tungsten market continued to remain strong in the week ended on Friday, July 16, 2021, with offer prices increasing steadily on reduced spot availability and high cost.

However, with the continuous breakthrough of the psychological price of the raw material market, end-users were hesitated to purchase and deals concluded limitedly.

Tungsten concentrate sellers were still reluctant to sell products at current market price as they had strong rised mentality under stricter environmental protection policies and good expectation for economy growth. Most offers hovered around $16,825.4/t and high-grade resources reached to $17,460.3/t but rare deals reported.

The ammonium paratungstate (APT) market was in a stalemate. Smelting factories faced both pressure of cost and demand, and mainstream price was about $283.4/mtu. As for the tungsten powder market, the growth slowed down after prices broke through $38.1/kg affected by relative weakness of the terminal demand and cautious sentiment of buyers. It seemed the price is hard to increase now.

Prices of tungsten products on July 19, 2021

China tungsten price image