China’s Tungsten Powder Price Keeps Firm in Late June, 2021

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium paratungstate (APT) prices continue to keep firm in late June, 2021 when low-price resources are hard to find and high-price deals are rarely concluded in the market. 

Under the influence of economic recovery of the manufacturing industry and inflation risk caused by over-issuance of the US dollar, market liquidity is expected to increase. However, the interference of cost, demand, epidemic and other factors makes it difficult for on-site consumption to make a breakthrough.

Since the increase of bid prices of large enterprises last week, tungsten raw material market has brought a wave of rising rhythm. The price of typical products such as APT has increased from $263.7/mtu to $274.4/mtu, and tungsten powder price has climbed from 35.9/kg to $36.5/kg. Relatively speaking, the price of tungsten ore continues its style of stability, hovering around $15,873/t. Although the increase is not as sharp as that of smelted products, it is like Dinghai Shenzhen, which can offer support for downstream and boost market mentality. 

Prices of tungsten products on June 30, 2021

Picture of tungstite

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