China Tungsten Price Remained Stable on February 21, 2022

Details: Category: Tungsten's News; Published on Tuesday, 22 February 2022 09:58

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained stable on the whole in the week ended on Friday, February 18, 2022. Enterprises gradually resumed operation after the Lantern Festival, and supply of raw materials increased.

However, with the impact of bullish market of commodities and the high cost of raw and auxiliary materials, holders still have strong rised mentality. The consumption of the demand side is cautious because macro news such as the epidemic and monetary measures are still with many changes. The short-term tungsten market is in a stalemate.

In the tungsten concentrate market, offers stood at $19,047.6/ton but downstream was not willing to receive goods. With more and more raw materials release, the price was hard to rise.

In the ammonium paratungstate (APT) market, some traders tried to raise their offers to $331.9/mtu but failed when buyers on the whole industry chain kept cautious sentiment in purchasing. Since the beginning of the year, the energy problem and the strong trend of bulk commodities have led to further rise in the prices of raw and auxiliary materials, and the pressure on smelters has intensified.

Prices of tungsten products on Feb. 21, 2022

China tungsten price image