China’s Tungsten Powder Price Stabilized, with Deals Concluded at High End

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices were unchanged, with deals concluded at the high end. Most exporter sources held offer prices firm, despite the fact they did not receive many overseas inquiries and domestic prices declined.

Now tungsten concentrate price stabilizes at about $14,920.6/t. most participants are not active in trading, waiting for latest news of environmental protection in major producing areas. APT price hovers around $252.9/mtu when the market is under pressure by costs and capital shortage. Tungsten powder price stands at $34.6/kg and end-users remain low buying appetite. 

The recent “traffic jam” in the Suez Canal has added to the shipment delays affecting some minor metals whose markets are highly dependent on supplies out of China, and has already sent some prices to multi-year highs. It will take another few weeks to clear the canal of the delayed traffic and the blockage could cost global trade between $6 billion and $10 billion a week, and reduce annual trade growth by 0.2 to 0.4 percentage points.

Prices of tungsten products on March 31, 2021

Picture of tungsten acid 

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