Tungsten Powder Price Kept Firm Due to China’s Environmental Checks

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices were unchanged in the first trading day after the holiday of Tomb-Sweeping Day, with deals concluded at the high end. 

Major tungsten producers held offer prices firm, despite the fact they did not receive many overseas or domestic inquiries. In addition, they did not have any intention to lower price to facilitate sales as they thought the overseas market is in serious shortage. The traffic jam in the Suez Canal a few days ago makes some overseas buyers rethink the importance of procuring raw materials in advance. 

In the short term, both domestic and export prices will continue to keep firm given that it may not be easy to source cheap material from the domestic market due to environmental checks in major tungsten producing areas.

Prices of tungsten products on April 7, 2021

tungsten powder price image

Picture of tungsten trioxide 

tungsten trioxide image

Follow our WeChat to know the latest tungsten price, information and market analysis.