China’s Domestic Tungsten Price Stabilized on September 27, 2021

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price maintained stability in the week ended on Friday September 24, 2021. On the one hand, the market was affected by the holidays of Mid-Autumn Festival and National Day; on the other hand, the stability of long-term contract prices for the second half of this month made the market in a stalemate. 

In the context of carbon neutrality, the dual control policy of energy consumption and the tightening of power supply and demand have caused related "high energy consumption" companies such as steel, coal power, chemical industry, and metallurgy to face pressure to reduce or even stop production, especially in Guangdong, Fujian, Yunnan and other 9 places. 

For the tungsten industry, the tight supply of raw and auxiliary materials such as soda ash under the background of strict carbon emission control, and the active or passive reduction of operating rates by smelting companies may have an impact on both the supply side and the demand side of the market. The operating pressure faced by small and medium-sized enterprises is particularly prominent, and how to seize opportunities and seek development in accordance with local conditions is worthy of industry thinking.

Prices of tungsten products on September 27, 2021

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Picture of tungsten ore 

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