China’s Ferro Tungsten Price Continues its Stability in Early March, 2022

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten bar prices in the Chinese market are unchanged from the previous trading day on March 2, 2022 as the market is in a stalemate. 

On the one hand, the supply increases and some traders consider profit-taking; on the other hand, the soaring international energy prices have raised the risks of high cost of raw materials and power shortages in the market, and the pressure of supply shortages in overseas markets has also increased. In the short term, the whole market is paying attention to the relationship between Russia and Ukraine. 

In February, China's manufacturing PMI was 50.2%, up 0.1 percentage points from the previous month, continuing to be higher than the critical point, and the manufacturing sector's prosperity level rose slightly; the non-manufacturing PMI was 51.6%, up 0.5 percentage points from the previous month, above the critical point. The overall pace of recovery in non-manufacturing industries has accelerated, according to the statistics from the Bureau of Statistics.

Prices of tungsten products on March 3, 2022

Picture of tungsten acid 

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