China Tungsten Price Maintains Stability in Late January Before Chinese Spring Festival

Details: Category: Tungsten's News; Published on Tuesday, 25 January 2022 17:02

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintains stability at the beginning of the week as the market gradually become quiet with the approaching of Chinese Spring Festival. Based on the expectation of cost support and production capacity control, plus with the rise in new guide prices, market offers keep at a relative high level.

In the tungsten concentrate market, the Winter Olympics and the Two Sessions will be held soon after the Spring Festival, and mining and smelting enterprises will increase their efforts in environmental protection and safety management. Market supply is expected to be tight. In addition, with the strong support of the cost side such as environmental protection, transportation, and energy supply, stockholders are still holding on to their goods and looking forward to rising.

In the ammonium paratungstate (APT) market, the holiday factor affects the release of factory production capacity, the cost factor supports the bottom of the market, and measures to stabilize economic growth boost market demand expectations. The whole market expectation remains optimistic but deals are rarely concluded.

In the tungsten powder market, the holiday atmosphere is conducted and the raw material end is strong, smelters are cautious on the whole. However, the downstream alloy companies' performance in receiving goods before the holiday is flat. The industrial economy is facing greater downward pressure in the first quarter, and the overall market is low.

Prices of tungsten products on January 25, 2022

China tungsten price image