China Tungsten Market Is Expected a Steady Uptrend in Early 2021

Analysis of latest China tungsten market from Chinatungsten Online

Chinese tungsten market participants expect prices to continue a steady uptrend in early 2021 given tightened supply of concentrate and robust prices for downstream products.

Sources expressed that they have become more confident and rarely worry about price declines after experiencing sluggish market conditions over the past year due to the Covid-19 pandemic.

The tungsten concentrate market keeps firm. Tight supply of tungsten concentrate and resultant firm prices for the material have lent support to the downstream ammonium paratungstate (APT) market, and estimated that the shortage of prompt cargoes of the raw material would not ease in the near term.

Tight supply of concentrate attributes to the output cuts, and production rates is expected not to recover until prices reach a level that is profitable for producers.

Prices of tungsten products on January 8, 2020

tungsten concentrate price image

Picture of tungsten powder 

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