China’s Xiamen Tungsten Quoted APT at 253.8/mtu for the Second Half of March

Analysis of latest tungsten market from Chinatungsten Online

Chinese ferro tungsten and tungsten powder prices continue to stabilize in the middle of March and participants have different views towards the market. some raw material sellers still have strong rised mentality while other consider profit-taking. For downstream buyers, they are mainly cautious. 

In the tungsten concentrate market, the supply of spot resources increases. However, end-users seek for lower prices with rare transactions concluded. Market price hovers around $15,079.4/t. The APT market is in a stalemate with price stabilizing at $258.3/mtu. 

China’s Xiamen Tungsten quoted APT at 253.8/mtu for the second half of this month, unchanged from the previous time. 

From January to February, the added value of China's industrial enterprises above designated size increased by 35.1% year-on-year, an increase of 16.9% over the same period in 2019, and an average increase of 8.1% over the two years. Among them, the value added of the mining industry increased by 17.5% year-on-year; the manufacturing industry increased by 39.5%; the electricity, heat, gas and water production and supply industries increased by 19.8%, according to the statistics from the Bureau of Statistics.

Prices of tungsten products on March 17, 2021

Picture of blue tungsten oxide 

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