China’s Tungsten Powder Price Stabilizes as Domestic Market Is Quiet

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten carbide powder prices continue to maintain stability on August 25, 2021 as the market is still in a stalemate. 

The industry is worried that the recent epidemic situation caused by the mutant strain will inhibit global economic growth and demand recovery, but retain a positive attitude towards the policy adjustments related to infrastructure construction in the second half of the year to stimulate the economy. In the short term, the overall purchase and sales of the market will still be quiet. After the immeasurable increase in the early stage, it needs to be adjusted to release some risks. However, the adjustment space is expected to be limited.

In the tungsten concentrate market, under the trend of increasing production input such as consumption of raw materials and environmental protection in the future, it is expected that there will be limited room for increase in mine production. Although the recent back-end demand performance is under pressure, traders are still willing to pay for shipments.

Prices of tungsten products on August 26, 2021

Picture of black tungsten concentrate 

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