Tungsten Powder Market Remains on the Sidelines in late November, 2021

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten bar prices in the Chinese market maintain stability on November 23, 2021 with the impact of weakened support from the raw material market as well as the sluggish demand. 

In the tungsten concentrate market, environmental protection costs still support some miners' offers. The dual-carbon vision and the impact of the upcoming Winter Olympics will result in higher production safety requirements for enterprises. However, the demand market is not yet recovered. The epidemic, economic and trade conflicts, and severe weather affect the consumption of back-end users. In the short term, the concentrate price hovers around $17,142.9/ton. 

In the APT market, the state has achieved significant results in energy price control, and the smelting cost of the factory has been lowered compared with the previous period. There is no obvious positive news released from the demand side and traders become negative. Prices of some resources fell below $287.0/mtu.  

In the tungsten powder market, the raw material side is loose and the demand side consumption is sluggish. The spot offer is weak but stable at around $41.0/kg. at present, the alloy factory’s purchasing and stocking intentions are still unclear due to the epidemic, inflation and sudden changes. The uncertainty of the incident continues to ferment, and the industry remains on the sidelines.

Prices of tungsten products on November 24, 2021

Picture of tungsten concentrate 

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