China’s Tungsten Powder Offers Are Tried to Raise to $41.3/kg in Late July

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium metatungstate (APT) prices in China continue to keep strong and are expected to rise this week affected by the optimistic expectations of the macro and the cost-driven market sentiment. 

In the tungsten concentrate market, miners have strong rised mentality and raise their offers to $17,460.3/ton with limited availability of spot resources. Buyers have to accept the current market price and remain cautious sentiment.

In the APT market, there is a stalemate between the upstream and downstream of the industrial chain. Boosted by the cost side, mainstream offer is about $295.9/mtu, but the actual order is relatively stalemate. The terminal consumption capacity has not been followed up, and the acceptance of the raw material market is also limited. Therefore, smelters are cautious in taking orders.

In the tungsten powder market, after the rise in bid prices of listed companies and offers of cemented carbide products, market participants’ strong will on price upturn was strengthened. According to Chinatungsten's actual survey, on last Friday, major manufacturers were unwilling to make offers, or there were tentative offers for tungsten power at $40.9-41.3/kg. The market was active on the whole. 

Prices of tungsten products on July 27, 2021

Picture of tungsten powder 

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