China’s Domestic Tungsten Price Edged Higher While Export Prices Stabilized

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price edged higher in the week ended on Friday, April 02, 2021 after a period of stabilization. Export prices for ammonium paratungstate (APT) remained relatively stable given that sellers felt it was not easy to source cheap material from the domestic market.

On the positive side, China’s environmental checks in major producing areas affected the supply of raw materials and also pushed up production costs; the effective COVID-19 contained in domestic was beneficial to the release of terminal consumption; the demand prospects brought by new infrastructure construction under the carbon neutral target are expected; the rise in prices caused by global currency oversupply, or monetary policy actively repairing the economy and demand will lead to an upward trend in prices, indicating an upward trend in tungsten raw materials.

On the negative side, raw material seller’s strong rised mentality greatly affected the trading in the spot market; the consumption of downstream alloy products was limited, and the bidding of some traders made it difficult for tungsten products to raise prices; repeated international epidemics and trade tensions still affecting the export market, sluggish terminal consumption and tight logistics capacity have made it difficult for overseas demand to rebound significantly.

Prices of tungsten products on April 6, 2021

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Picture of tungsten powder 

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