China’s Domestic Tungsten Price Keeps Firm Despite of Quiet Market

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China’s domestic tungsten price continued to be firm despite of environmental protection, seasonal natural disasters and other pressures. In the short term, participants will wait for new guide prices from companies and associations, and pay attention to the impact of the Delta epidemic on the global economic and trade environment.

In the tungsten concentrate market, offers hover around $18,095.2/t. Holders are not willing to reduce prices while downstream buyers remain low enthusiasm in purchasing. Trading in the market is rarely concluded. 

The ammonium paratungstate (APT) price stands at $204.5/mtu, but the market is quite due to low buying appetite of consumers. For the tungsten powder market, due to limited orders from downstream cemented carbide and tungsten product companies as well as the impact of tightening availability raw materials, some manufacturers stop quoting.

Prices of tungsten products on Aug. 3, 2021

Picture of wolframite

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