China Tungsten Powder Price Keeps Rising in Late February due to Tight Supply

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ferro tungsten prices in China continue to rise in late February as the raw materials are tightening available in the market. Purchasers have got the purchasing plans but some sellers stop quoting for some products. The market has prices but no sales. 

Chinatungsten Online though that the strengthening of the tungsten market is not just the result of speculation. Environmental inspections, non-renewable resources, rising commodity price, epidemics, etc. keep continuing to raise the production costs of enterprises. Therefore, the price increase of raw materials is understandable. However, the irrational increase in supply and demand fundamentals is obviously unsustainable. 

At present, the quotations in the tungsten market are slightly chaotic, or hypocritical, or temporarily delayed. The market trading status is not as active as the raw material side. What is the market outlook? It is recommended to pay attention to the macro economy, and the relationship between supply and demand. 

Prices of tungsten products on February 25, 2021

Picture of tungsten granule 

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