China's Tungsten Exports Have Fallen due to Production Cuts in 2020

Analysis of latest tungsten market from Chinatungsten Online

China's tungsten exports have fallen significantly due to production cuts and weak global demand amid Covid-19 around the world. In 2020, China produced 138,612t of tungsten concentrate containing 65pc tungsten trioxide, down by 5.31pc from 146,380t in 2019. 

Tighter availability has led Chinese domestic consumers to raise their bids for APT and tungsten concentrates. Chinese state-controlled tungsten producer Xiamen Tungsten increased its APT bid price for the second half of February, while tungsten carbide producer Guangdong Xianglu also upped its bid for the same period. Robust Chinese consumption and curtailed production are further supporting global prices. 

As for the overseas markets, European prices for tungsten intermediates have risen to an 18-month high, bolstered by low inventories, Chinese production cuts, renewed spot demand and reduced scrap availability.

Prices of tungsten products on March 5, 2021

Picture of tungsten filament 

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