China’s Tungsten Powder Price Stabilizes on Rising Pressure in the Raw Material Market

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten carbide powder prices remain stable at the end of the year as most participants keep cautious sentiment with the approaching of the holiday of New Year's Day. 

Concentrate price now hovers around $17,619.0/ton with deals rarely concluded in the market. As miners face little financial pressure, and considering cost pressure caused by environmental protection, inflation and other factors, most of the holders are reluctant to negotiate with prices. 

The price of APT stands at about $304.9/mtu. Smelting factories are more willing to keep firm offers while downstream buyers are not active in stocking up. As Christmas and New Year’s Day are approaching, domestic and foreign market consumption is gradually flat, and there are few new orders on the market. 

Tungsten powder price is about $41.3/kg and insiders mainly take a watchful stance. On the one hand, due to rising cost pressure in the raw material market, participants have reduced room for negotiation and bargaining; on the other hand, due to the shrinking demand for stocking in factories, the sentiment of replenishment has diminished. 

Prices of tungsten products on December 24, 2021

Picture of tungsten acid 

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