Ferro Tungsten Price Stabilizes with the Impact of Intensified Geopolitical Risks

Details: Category: Tungsten's News; Published on Friday, 25 February 2022 18:04

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten bar prices in China continue to remain stable with the impact of uncertain factors such as intensified geopolitical risks, rising expectations of a tightening of the US dollar, and strengthening of the RMB exchange rate.

In the tungsten concentrate market, circulation of spot resources is slow. On the one hand, due to the pressure of environmental protection, the production capacity release control of mining enterprises and the high smelting cost still support the market; on the other hand, the pressure of supply and demand in the market has further increased after the end of the Winter Olympics, affecting the negotiation of the spot market.

In the ammonium metatungstate (APT) market, smelting plants' offers hover around $326.4/mtu with limited deals concluded. Most buyers remain cautious, paying attention to the fluctuation of external geopolitical risks and the effectiveness of official measures to ensure supply and stabilize prices.

In the tungsten powder market, the start-up of production enterprises tends to be stable, and the demand for downstream terminals has not improved significantly. The recent increase in external risks affects the future consumption expectations. Buyers have limited acceptance of high-level raw materials. At present, tungsten powder price stands about $44.0/kg.

Prices of tungsten products on Feb. 25, 2022

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