Tungsten Power Price Stabilizes as the Overseas Market Will Be Closed for Christmas

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remained stable on the whole in the week ended on Friday, December 17, 2021 as the raw material market had strong rised mentality and the outflow of low-level resources had also reduced. Now most insiders mainly pay attention to the new bid prices from listed tungsten companies. 

In the tungsten concentrate market, mining enterprises have a relatively positive attitude towards the market, mainly due to increased pressure on production costs due to factors such as environmental protection and inflation. Moreover, the decrease in resources at the end of the year and the short-term support from the stocking demand supported suppliers’ psychological price to $17,460.3/ton. 

The ammonium paratungstate (APT) market was supported by strong raw material market. Market offers stood at about $301.3/mtu but are difficult to break through $304.9/mtu in the short term. 

In the tungsten powder market, affected by stocking up of downstream at the end of the year as well as good performance in the raw materials, manufacturers’ mentality has improved. However, the overseas market will be closed for Christmas. The market demand is expected to be general after the phased replenishment, and the price stalemates around $40.8/kg.

Prices of tungsten products on December 20, 2021

Picture of concentrate 

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