How Will China’s Domestic Tungsten Market Perform in the Second Half of 2021

Analysis of latest tungsten market from Chinatungsten Online

Market prices of tungsten products have been tepid since 2021 despite of the continuous rise of molybdenum prices. China Tungsten Hightech and Xiamen Tungsten, who have better tungsten resources and new energy products, gains higher share prices due to multi-industry operations.

 However, other state-owned companies, such as Guangsheng Nonferrous Metals, Zhangyuan Tungsten and Xianglu Tungsten, their share prices have been operating at low levels for a long time in the first half of the year.

Under current tungsten pattern and macroeconomic status, Chinatungsten make a simple analysis for the tungsten market, from inflation, market, season, epidemic, to American infrastructure, Belt and Road Initiative, exchange rate, carbon neutrality and carbon tax, and Sino-US trade relations. We assessed that China’s domestic tungsten market is expected to remain at high level in the second half of 2021. How will the tungsten market perform in the future? We will only provide some ideas as it is still difficult to predict the growth and how long it will take.

Prices of tungsten products on June 29, 2021

Picture of tungsten carbide rod 

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