China’s Domestic Tungsten Price Remains Stable on Quiet Market

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remains stable on January 26, 2022 as the market is caught in heavy wait-and-see atmosphere with the approaching of the holiday of Chinese Spring Festival. 

In the tungsten concentrate market, sellers are optimistic about the outlook and are reluctant to consider profit-taking because factors such as environmental protection supervision, rising prices, and repeated epidemics will affect the production of mining enterprises and thus reduce the supply of raw materials.  

In the APT market, smelter offers are cautious and firm. On the one hand, the pressure of energy supply in winter and the cost of raw and auxiliary materials support the market’s hope for a rise; on the other hand, repeated epidemics and extreme weather events have led to increased uncertainty on the global consumer side, the actual market demand still needs to be further implemented. 

In the tungsten powder market, manufacturers are cautious in their operations and buyers are relatively passive in purchasing as most of them have been finished their purchasing plans before the holiday. In the short term, the market will be quiet.

Prices of tungsten products on January 27, 2022

Picture of tungsten powder 

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

• < Prev
• Next >