Production in Chinese Tungsten Market Is Affected by Epidemic and Electricity Costs

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and concentrate prices in the Chinese tungsten market remain stable and firm. Recently, Hunan, the main production area of tungsten products in China, has faced great output pressure due to high electricity costs. 

Meanwhile, Henan and Xi'an have temporarily suspended production and transportation also has been greatly affected due to the impact of the epidemic, plus with the Spring Festival holiday and maintenance factors, as well as the strong rised mentality of manufacturers, the supply is relatively tight and the demand is sluggish. 

In the tungsten concentrate market, holders maintain the view that the scarcity of resources is increasing and the supply volume and price are changing inversely. In the context of stricter environmental protection supervision and economic recovery to stimulate consumption, the market remains firm as a whole.

There is a certain divergence in the market buying and selling sentiment. The cost side has boosted the psychological price of smelters, and the operating rate of the market has been reduced to a certain extent when the festival is approaching. The overall supply of resources is limited, but due to the lack of demand, the market trading activity is low.

Prices of tungsten products on January 12, 2022

ammonium paratungstate price image

Picture of concentrate 

concentrate image

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