China Tungsten Price Fell in Late March on Deadlocked Market

Details: Category: Tungsten's News; Published on Tuesday, 30 March 2021 19:03

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

China tungsten price image