China’s Tungsten Powder Price Climbs in Late July due to Tight Supply

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder price continues to climb in the second half of July, 2021 amid tight supply of primary and secondary raw materials, with some offers hitting record high. 

China’s Xianglu Tungsten released its bid prices for the second half of July: black tungsten concentrate was quoted at $17,222.2/ton, an increase of $1,269.8/ton compared from the first half of this month; 55% scheelite concentrate was quoted at $17,063.5/ton, an increase of $1,269.8/ton; APT was quoted at $294.1/mtu, up $783.1/mtu from early July. 

In the tungsten concentrate market, the recent epidemic, typhoon, rainstorm, low-carbon, environmental protection and other external factors have slowed down mine production in major tungsten producing areas, such as Jiangxi and Henan provinces. Therefore, miners are still optimistic about the market under tight supply. 

In the tungsten powder market, there are no unexpected factors on the macro side and the demand side. Downstream buyers slow down their purchasing. Therefore, although the powder merchants’ offer has passively pulled up to $40.5/kg, there are few feedbacks on actual transaction orders. The price acceptance for cemented carbide and tungsten products is limited, and the overall trading activity of the market is weakened.

Prices of tungsten products on July 29, 2021

Picture of tungsten ore 

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