China’s Tungsten Bar Price Keeps Firm in the Middle of August

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten bar and tungsten carbide powder prices remain stable but firm on August 19, 2021 supported by strong cost despite of lukewarm demand at home and abroad. 

Measures such as dual control of total national energy consumption and intensity, strict control of high energy consumption and high pollution projects, carbon peaking and carbon neutrality hard indicators, and multiple power restrictions and production limits have affected the continuous increase in the cost of raw materials for the production of tungsten products. In addition, global inflation expectations are also stimulating metal prices. 

However, the slow follow-up of downstream terminal demand has caused traders to be cautious. The price of tungsten products has ushered in a habitual consolidation cycle after the relatively weak demand background, and the market spot trading remains low. 

In addition to the supply and demand, changes in participant confidence will also be one of the important factors affecting future market trends. In the short term, market participants will wait for a new round of bid prices or other directional news for guidance.

Prices of tungsten products on August 20, 2021

Picture of tungsten granule 

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