China’s GAT Raised Average Tungsten Forecast Prices for March

Analysis of latest tungsten market from Chinatungsten Online

The tungsten power and ferro tungsten prices in the Chinese market remain stable despite listed companies and associations raised their reference prices for March. At present, most insiders keep cautious sentiment and are expected to continue in the short term. 

China’s Ganzhou Tungsten Association’s (GAT) average tungsten forecast prices for March: 55% black tungsten concentrate price was $15,000.00/t, up $714.3/t compared to last month; ammonium paratungstate (APT) price was $260.1/mtu, up $14.3/mtu from last month; medium particle tungsten powder price was $36.2/kg, up $2.1/kg from February.

China’s economy will grow by 7.8% in 2021 and by 4.9% in 2022, according to the latest OECD report. In addition, the global GDP growth rate is expected to be 5.6% in 2021, compared with 4.2% previously. It is estimated that the global GDP growth rate will be 4% in 2022, which was expected to be 3.7% previously. The U.S. economy is expected to grow 6.5% in 2021, the previous estimate was 3.2%.

Prices of tungsten products on March 11, 2021

Picture of ferro tungsten 

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