China Tungsten Price Stabilizes in March When Traders Considered Profit-taking

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten powder prices in China continued to maintain stability on Monday March 15, 2021 when most participants considered profit-taking. But the good expect for the recovery in economy gives momentum to the market. 

In the middle of March, the tungsten price adjustment is expected to be limited. More traders may be cautious, waiting for the next move in the market as well as the new guide prices for the second half of this month. 

China will strengthen national economic security and implement energy and resource security strategies, according to the 14th Five-Year Plan and 2035 long-term goal outline. Tungsten, as a superior strategic resource in China, is the metal element with the highest melting point and an important raw material for "industrial teeth". Its resource value should not be ignored.

Prices of tungsten products on March 16, 2021

Picture of tungsten powder 

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