China’s Tungsten Powder Price Rises in July on Strong Market

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market remains strong on July 27, 2021 with tungsten concentrate price rising to $17,777.8/ton, ammonium paratungstate (APT) price rising to $301.3/mtu and tungsten powder price rising to $40.5/kg.

The rising price of raw materials has put pressure on downstream alloy companies. Yesterday, the Zhuzhou Cemented Carbide Industry Association issued a document calling for tungsten raw material prices to return to a small and rational increase. The document pointed out that the small fluctuations in raw material prices after bottoming out in April last year promoted the sound operation of China’s tungsten industry economy. 

However, the rapid rise since late June of this year has led to passive price increases for cemented carbide and tungsten products companies, and new increased orders failed to meet market expectations. As the industry is optimistic about the outlook, the association specially reminded the painful lessons of the sharp rise and fall of the price of tungsten raw materials from 2013 to 2015 on the impact of the tungsten industry.

According to Chinatungsten Online, tungsten raw material prices seriously deviated from resource value in 2013-2015. In addition to the impact of conventional supply and demand contradictions, market irrational selling arbitrage and pan-Asian inventory negative rendering are the main influencing factors. The price recovery in 2016 was mainly due to factors such as economic recovery, export growth, inventory clearance, national purchasing and storage, and upgrading of environmental protection supervision.

Prices of tungsten products on July 28, 2021

Picture of tungsten ore 

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