Tungsten Powder Price Stabilized in Late June due to Sluggish Demand

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China rose slightly in late June, 2021 boosted by the increase in new guide prices for the second half of this month as well as affected by environmental protection, production costs and inflation. 

In the tungsten concentrate market, manufacturers still have strong rised mentality and their psychological prices have reached to $15,873/t. However, buyers remain low buying appetite and high-price transactions are hard to be concluded. 

In the ammonium paratungstate (APT) market, with the support from the cost side and state-owned enterprises, smelting factories try to increase their offer prices to $269/mtu. Due to low trading activity, actual transaction prices hover around $265.4/mtu. 

As for the tungsten powder market, most participants take a watchful stance for the move in the raw material market and in the demand side. Market price is difficult to reach $36.5/kg in the short term.

Prices of tungsten products on June 25, 2021

Picture of tungsten concentrate 

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