China Tungsten Price Fell in Late March on Deadlocked Market

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price declined slightly in the week ended on Friday, March 26, 2021 as the market was in a stalemate. The supply of raw materials increased with more and more suppliers considered profit-taking. While the demand side was still affected by continued spread of COVID-19 and constrained logistics. 

Market insides think now the demand remains many instabilities, including the impact of coronavirus and geopolitics risks, however, domestic new infrastructure may be a new opportunity. The short-term market is expected to stabilize. 

It was difficult to find low-price goods in the tungsten concentrate, but high-price resources were not accepted by intermediate product manufacturers. Therefore, market trading was rarely concluded with price hovering around $14,761.9/t.  

In the APT market, production costs remained high despite the supply of raw materials increased. Smelting factories took a watchful stance and were not eager to carry out their purchasing plan. The APT price stabilized at $252.9/mtu.

Prices of tungsten products on March 29, 2021

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Picture of tungsten powder

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