China Tungsten Price Was in the Upward Trend in Early February, 2022

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the week ended on Friday, February 11, 2022 with the impact of increased guide prices from listed tungsten companies for the first half of this month. 

The release of tungsten raw materials had not yet returned normal, but the benefit does not conduct to downstream alloys and their back-end consumer markets. In anticipation of the convergence of global monetary easing measures and the slowdown of manufacturing consumption growth, the overall buying and selling sentiment was cautious, and the tungsten market was relatively quiet during the week.

Tungsten concentrate market faced stricter environmental protection policy and some mining enterprises are still on the holiday, so manufacturers have strong rised mentality on the whole; smelting factories faced pressure of price inversion in the APT market due to short raw materials but weak demand, and prices hovered around $322.8/mtu; tungsten powder price rose to $43.7/kg, but as trading is not active, the market is relatively quiet.

Prices of tungsten products on Feb. 14, 2022

Picture of tungsten trioxide 

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