China’s Tungsten Powder Price Stabilizes in Early August Amid Slow Trading

Analysis of latest tungsten market from Chinatungsten Online

Chinese ammonium paratungstate (APT) price is unchanged from the previous trading day on August 5, 2021, with participants becoming cautious and end-users not in urgent need of the materials. 

In the tungsten concentrate market, disasters such as high temperature and floods, central environmental checks, national electricity curtailment policies, and Delta epidemic have limited market circulation. Most suppliers keep firm offers despite of relative weakness in the demand side. 

In the APT market, raw material resources are difficult to purchase, and the overall supply of the factory is still expected to be tight. However, downstream businesses are constrained by cost and demand pressure and are not inquiring actively. In addition, the epidemic affects the transportation and increase costs at the same time. Market price stands about $304.9/mtu. 

In the tungsten powder market, the tightening availability of raw material resources has not yet eased. Although the downstream cemented carbide and tungsten products companies are slowly following the rise, it is difficult to implement actual transaction orders. Tungsten powder price temporarily stabilized at $41.0/kg. The industry is worried that the market may have a profit pullback to relieve capital pressure, but the adjustment is expected to be small.

Prices of tungsten products on Aug. 5, 2021

Picture of tungsten powder 

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