China’s Tungsten Concentrate Price Stabilize in Early December amid Tight Supply

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten concentrate price continues to strengthen amid tight supply from mining companies. The price increases for the raw material have also triggered higher offers for ammonium paratungstate (APT) but downstream tungsten powder and alloy consumers are resisting them amid weak economic conditions, resulting in a stalemate.

As for the overseas markets, prices continue to be stable. The rather flat price environment is largely owing to a lack of spot demand in Europe, as downstream consumer sectors were temporarily shut down amid the Covid-19 pandemic. Tungsten consumption is closely correlated with global economic growth as tungsten carbide, alloy and chemicals are used in the construction, electronics, mining, automotive and petrochemical industries.

Prices of tungsten products on December 3, 2020

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Picture of tungsten granule 

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