China’s Tungsten Concentrate Price Rose under Environmental Checks

Details: Category: Tungsten's News; Published on Monday, 19 April 2021 16:50

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remained stable in the week ended on Friday, April 16, 2021 benefiting from month-long environmental checks and strong rised mentality of raw material suppliers. Most participants took a watchful stance and trading was limited.

Under the monetary easing and continuous recovery of the manufacturing industry in the world, plug with China’s environmental protection, tungsten concentrate price is expected to be on the upward trajectory in the short term. Tungsten ore offers reached to $15,396.8/t.

In the ammonium paratungstate (APT) market, intermediate product producers faced difficulty both in replenishing raw materials and selling their products, and offers were tried to rise to $263.7/mtu.

Tungsten powder is an important raw material for producing cemented carbide. But affected by cautious sentiment of end users, market inquiry seems not active. Therefore, tungsten powder price tended to stabilize.

Prices of tungsten products on April 19, 2021

ammonium metatungstate price image