China’s Tungsten Bar Price Keeps Firm on Relative Tight Supply

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten bar prices continue to keep firm in the middle of February, 2022 when the release of tungsten raw materials becomes slower. The market now has prices but no sales. 

In the tungsten concentrate market, manufacturers still are reluctant to sell and prices of high-grade resources tend to rise to $19,047.6/ton despite of no deals to be concluded at the level. With the arrival of the Lantern Festival, the subsequent recovery of mine production capacity will intensify the upward resistance in the market. Participants are more cautious in entering the market and wait and see the acceptance of downstream terminals.

In the APT market, the operating rate of smelting enterprises has gradually recovered. However, due to the cost pressure of raw and auxiliary materials, the market is still in a strong state. The external offers of manufacturers are stalemate at around $326.4/mtu, and the high-level trading is relatively flat.

In the tungsten powder market, smelting companies' offers followed the rise of raw material market, and some prices were adjusted to $44.0/kg. Traders were relatively cautious in trading. On the one hand, they were affected by cost pressure; on the other hand, they were worried about the performance of back-end alloy consumption.

Prices of tungsten products on Feb. 16, 2022

Picture of tungsten powder 

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