Tungsten Powder Price Keeps Firm in China as Consumers Consider Restocking

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices keep firm in the middle of December due to the tightening availability of raw materials and consumers restocking at the end of the year. 

In the tungsten concentrate market, spot resources are tight partly due to mining quota restrictions. Moreover, some factories reduce production to support the market, plus with environmental protection and cold weather, sellers intend to push up product prices. Now high-grade c rise above $13,650.8 per tone with few deals reported. 

The APT market is caught in wait-and-see atmosphere. Although the raw material side keeps firm, transactions are not concluded largely. In addition, the risks of covid-19 and geopolitical conflicts still affect insiders’ expectation for the outlook.

Prices of tungsten products on December 16, 2020

Picture of tungsten powder 

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