China Tungsten Price Rose Greatly in the Year of 2021

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price was in the upward trend in the last trading week in the year of 2021. First, due to the slight slowdown in the release of raw material production capacity at the end of the year, low-level resources in the market gradually decreased under the strong rised mentality of manufacturers; 

Second, the increase in new guide prices from listed tungsten companies further boosted market confidence; third, the price adjustments on cemented carbide products after the year boosted the upsurge in the raw material market.

It is worth noting that the above factors are mostly affected by market mentality, and the actual supply and demand fundamentals of the industry are unclear. As the New Year's Day and Chinese New Year holidays approach, companies mainly withdraw funds, and the market trading is flat. The market outlook remains to be paid attention to real order demand follow-up performance, as well as changes in the epidemic and economic and trade environment.

In 2021, China tungsten price rose greatly. Among them, the average price of 55% black tungsten concentrate was 15,841.3/ton, an increase of 21.26% year-on-year; the average price of APT was $275.8/mtu, an increase of 20.44% year-on-year; tungsten carbide powder price was $37.2/kg, an increase of 18.43% year-on-year; tungsten powder price was $37.7/kg, an increase of 18.16% year-on-year; cobalt powder price was $66.9/kg, an increase of 47.38% year-on-year.

Prices of tungsten products on January 5, 2022

China tungsten price image

Picture of tungsten trioxide 

tungsten trioxide image

Follow our WeChat to know the latest tungsten price, information and market analysis.