Tungsten Carbide Powder Price Keeps Firm due to Tight Supply in Early December

Details: Category: Tungsten's News; Published on Monday, 14 December 2020 14:29

Analysis of latest tungsten market from Chinatungsten Online

The cesium tungsten bronze and tungsten carbide powder prices in the Chinese market keep firm due to the tightening availability of raw materials and the price may not decline in the short term with the recovery in purchasing sentiment.

In the tungsten concentrate market, mining enterprises are reluctant to sell at low prices as they face little pressure of inventory and capital shortage, plus with the support of high production costs. However, transactions are hardly concluded at high prices as the demand side still remain weak.

In the APT market, smelting factories expect to rise offers to about $226 per mtu but without the support of the demand. Now they keep low operating rate, waiting for new guidance. The actual offer hovers around $220.8 per mtu. As for the tungsten powder market, it is supported by firm raw material markets. Market price increases slightly to above $30.8 per kilogram.

Prices of tungsten products on December 11, 2020

tungsten carbide powder price image