China Tungsten Powder Price Rises as Consumers Consider Restocking in Late December

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China remain stable with the support of high production costs and good expectation for the market outlook.

With the approaching of the holiday of New Year’s Day, some smelting factories reduce their operating rate. In addition, more than 20 major tungsten producing areas such as Jiangxi and Hunan provinces are limited in power, gas and production, which further tightens the availability of raw materials. The market is expected to stabilize before the holiday. 

In the tungsten concentrate market, most market prices hover around $13,650.8 to $13,968.3 per tone and transactions are hardly concluded at high prices. The APT price stabilizes at about $238.5 per mtu and market participants remain cautious sentiment. For the tungsten powder market, the logistic is constrained affected by the epidemic but downstream buyers have plan for stocking. Tungsten powder price rises to $32.5 per kilogram.

Prices of tungsten products on December 31, 2020

Picture of cesium tungsten bronze

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