Tungsten Concentrate Price Stabilizes on Strong Rise in Metal Prices

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten concentrate prices remain stable due to deadlocked supply and demand in the market. Despite the poor liquidity of spot goods, the confidence of participants is shored up by the strong rise in metal prices and goods expectation for economy. 

Insiders expressed that the increase in commodity prices is not only affected by currency oversupply and inflationary pressures, but also due to logistic constrain resulted by the spread of COVID-19. Considering current market condition, traders mainly take a watchful stance. 

Statistics from the Bureau of Statistics show that China’s CPI fell 0.3% month-on-month and 0.9% year-on-year in April, an increase of 0.5 percentage points from the previous month; PPI rose 0.9% month-on-month and a year-on-year increase of 6.8%, an increase of 2.4 percentage points from the previous month, hitting a new high. 

Prices of tungsten products on May 13, 2021

Picture of violet tungsten oxide

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