5G and New Energy Will Bring Opportunities and Challenges to the Tungsten Industry

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price maintains stability at the beginning of the week with quiet market trading. At present, insiders are taking a watchful stance for new guide prices for the second half of this month as well as the stocking up of downstream after the holiday of New Year’s Day. 

In the future, the development of 5G and new energy will bring new opportunities and challenges to the tungsten industry. However, traditional infrastructure and declined real estate operating rate will affect the demand, plug with the instability of the macro economy, the industry has different expectations on the market outlook. The short-term market trends to be stable. 

In the tungsten concentrate market, environmental protection and safety supervision have become stricter at the end of the year, and the supply of raw materials has also been reduced. With the support of cost and supply, holders have more bullish sentiments. While the price still hovers around $17,619/ton. 

In the ammonium paratungstate (APT) market, smelting factories made offers at about $304.9/mtu and it seems difficult to continue raise prices. On the one hand, it was affected by the pressure of overseas market closures and the return of funds at the end of the year; on the other hand, economic shocks and consumption pressures continued to exist due to repeated epidemics.

In the tungsten powder market, prices hover around $41.1/kg as cost and demand sides are in a stalemate. The whole market trading is quiet, waiting for the next move in the market as well as the replenishment in January, 2022. Under the pressure of high cobalt powder raw material costs, alloy companies are a little cautious in receiving goods, considering the price increase space and back-end acceptance after the year.

Prices of tungsten products on December 28, 2021

Picture of tungsten trioxide

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