China’s Domestic Tungsten Price Stabilized in the Second Half of May 2022

Details: Category: Tungsten's News; Published on Monday, 30 May 2022 17:35

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remained stable on the whole in the week ended on Friday, May 27, 2022 as the market was in a stalemate under the complex situations both at home and abroad.

In the tungsten concentrate market, sellers have strong rised mentality and have a willingness to stabilize the market despite part of price increase has not been recognized by the market. Suppressed by the demand side, market price is difficult to rebound and mainstream price stood at about $17,076.9/ton. In general, the industry's expectations for tungsten ore resources under the background of low-carbon transformation and stable economic development are improving, and they pay more attention to uncertain factors such as the epidemic and changes in the international situation.

In the APT market, affected by the stability signal from the raw material side, smelters tended to be cautious in making offers and accepting orders. The main driving factor of the market is no longer affected by a single demand side. Negotiations between supply and demand in the market are deadlocked, and the market price is mainly stable at about $297.3/mtu.

In the tungsten powder market, the trend was relatively stable during the week. With the effective prevention and control of the epidemic and the gradual restoration of transportation order, the consumption expectations of the downstream automobile, equipment and other manufacturing industries in the industrial chain are gradually recovering. It is worth noting that the recent weakness in the cobalt powder market has affected the confidence of the cemented carbide end. Since April, the price of cobalt powder recorded by Chinatungsten Online has been reduced from 653 yuan/kg to 585 yuan/kg, down about 10.4%.

Prices of tungsten products on May 30, 2022

China tungsten price photo