China Tungsten Market Strengthened with Prices Climbing Steadily Since February

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market strengthened in the week ended on Friday February 26, 2021 with prices for concentrate and ammonium paratungstate (APT) climbing steadily since participants returned from the Lunar New Year holiday over February 11-17.

Participants with tungsten concentrate on hand were reluctant to sell this week, citing limited stocks, and buyers had to pay higher prices to secure a deal. However, transaction seemed not increased sharply in the market.  

At the same time, Chinese APT exporters raised their offers in response to the higher cost of sourcing the material in the domestic market and the situation may not be easy to ease in the next few weeks. 

The tungsten powder market was supported by firm raw material markets. Meanwhile, production costa and demand pressure affected the conclusion of new orders. Most insiders took a watchful stance, waiting for the impact of the international economic situation and national policies on market supply and demand.

Prices of tungsten products on March 1, 2021

Picture of tungsten acid 

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