China’s Tungsten Powder Price Is Supported by Power Limits

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten bar prices are unchanged from the previous trading day in the wake of energy supply and power curtailment measures continuing to interfere with the upstream and downstream of the tungsten industry chain.

Manufacturers in the tungsten concentrate market have strong rised mentality. They expressed that the current concentrate price is not profitable relative to the overall cost, the scarcity of market resources and the tightening of environmental protection controls further aggravate the production pressure of enterprises. However, there are obvious concerns about the overall market relationship. 

The APT market generally remains stable due to the insufficient energy supply and high cost of raw and auxiliary materials. In the fourth quarter, the orders are expected to remain the current level as smelting factories will be cautious to avoid the risk of price inversion. 

The tungsten powder market followed up slowly with limited deals concluded. On the one hand, due to the strong support on the cost of raw materials, and dual control of energy consumption in Jiangxi and other places, participants worry about the market outlook; on the other hand, under the epidemic and dual-carbon background, alloy manufacturers and consumers have been suppressed to a certain extent. Although some alloy companies have raised offers passively, the overall demand expectations are low.

Prices of tungsten products on October 29, 2021

Picture of tungsten powder 

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