China Tungsten Price Fell in Late March as Suppliers Destocked to Take Profits

Analysis of latest tungsten market from Chinatungsten Online

Prices of tungsten intermediate products in China dropped slightly this week after reaching 17-month highs in early March as suppliers destocked to take profits and the decline in new average tungsten forecast prices also dented market confidence. 

However, tungsten price is likely to return back to the upward trend in the next few months owing to expected increase in consumer demand, tight supply of raw materials and firm production costs. 

What’s the impact of carbon neutrality for Chinese tungsten market? China Nonferrous Metals News pointed out that carbon neutrality is an epoch-making change. The strategic highlight for nonferrous industry to achieve low-carbon transition and sustainable development is technology. The one who falling behind would be oppressed. There is no doubt that there is still a lot of room for Chinese tungsten industry to develop. But how to seize the opportunities by technological innovation and upgrade still need to be leaned and conquered together.

Prices of tungsten products on March 24, 2021

Picture of blue tungsten oxide 

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