China’s Domestic Tungsten Price Stabilizes in June on Firm Production Cost

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remained stable in the first trading day on June 15, 2021 after the holiday of Dragon Boat Festival as the market was caught in wait-and-see atmosphere. 

Although the supply of raw materials is expected to increase and consumer demand seems to recover slowly, affected by continued spread of COVID-19, circulation of commodities in the spot markets slows down, especially downstream alloy markets. 

At present, the cost side keeps firm with the mining of low-grade resources becoming difficult, increased costs for epidemic prevention supplies, stricter environmental protection and logistic constrains. Affected by that, although trading is limited, market price is not likely to decline. in the short term, the market will continue its stability. 

Prices of tungsten products on June 16, 2021

Picture of tungsten ore 

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