Rising Price of Tungsten Material Is Becoming a Hot Trend

Because that tungsten has unique physical and chemical characteristics, it has become one of the indispensible materials in the field of modern industry, national defense and science and technology. Tungsten material industry is a branch of non-ferrous metals industry whose industrial chain includes exploration, mining, smelting, tungsten material processing, marketing and other aspects of wolfram. From a worldwide perspective, currently, it is mainly applied in carbide, steel and alloys, tungsten processing materials, chemicals and others.

China is one of the largest tungsten reserves countries in the world, and its tungsten reserves is 5.2 million tons. What’s more, its production and export volume rank the first position in the world. After years of rapid development, The scale of the production of wolfram of China mining is continuously enlarge, technology development capability, competitiveness of the market has reached a certain level. However, because tungsten is non-renewable resources, cheap, and the irrational exploitation by domestic factories, in addition, the cost of wolfram mining is continuously rising, coupled with the domestic industrial market still keep depressed condition, the domestic sales of wolfram raw material is still tight, so rising price of wolfram material has become a hot trend, and the price of related products of wolfram also continued increases.

Among them, in terms of tungsten concentrate, price of 65% wolframite is 7.9 yuan / ton, compared with the average price of last week it rose 1000 yuan / ton. Price of 65% scheelite concentrate is 7.7 yuan / ton, compared with the average price of last week it rose 1000 yuan / ton.

For the ammonium paratungstate (APT), its price  is 12.8 yuan / ton, compared to the average price of last week, it rose 3,000 yuan / ton.

In the aspect of powder, the price of medium-sized particles of tungsten carbide powder is 192 yuan / kg, the price of tungsten powder is 194 yuan / kg, compared with the average price to the last weekend, and it rose 5 yuan / kg.

For # 1 tungsten rod (≥99.95%), the price is 245 yuan / kg, compared to the average price over the last weekend it rose 5 yuan / kg. Influenced by the global steel overcapacity, the price of steel in the last month has a continuous fall, which has shock many iron and steel businesses.