China Tungsten Powder Price Stabilizes on Effective Control in Energy Supply

Details: Category: Tungsten's News; Published on Tuesday, 02 November 2021 18:23

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten powder prices remain stable in the first trading day in November in the wake of effective control in energy supply shortage and sharp rise of tungsten raw materials.

Tungsten concentrate price continues to stabilize at $18,095.2/ton, but transactions are hard to be concluded at high prices and low-price resources are difficult to be found. The ammonium paratungstate (APT) price stalemates about $313.9/mtu when OEM cost is still very high. Under the pressure of price inversion, factories do not intend to increase production but to cut output properly. The tungsten powder price stands about $42.1/kg and participants mainly take a watchful stance for the impact of the epidemic on the export market, as well as the impact of dual energy consumption control measures and winter power curtailment measures on the start and consumption of the upstream and downstream of the industrial chain.

China’s National Development and Reform Commission pointed out that the cost of coal production is significantly lower than the current spot price of coal, so there is room for continued correction of coal prices. However, according to Chinatungsten Online, the current price of tungsten products does not match the overall market cost and strategic resource status. The stalemate in the market also does not match the rising raw material costs, logistics costs, and labor costs under the background of inflation.

The domestic tungsten market is facing problems such as overcapacity of low quality and insufficient supply of high quality and high value-added products. It is expected that the supply and demand situation of the energy market will gradually improve by the end of the year, and the supply and demand situation of the tungsten market may still stalemate.

Prices of tungsten products on November 2, 2021

tungsten powder price image