China’s Tungsten Powder and Concentrate Prices Remains Stable in Early March

Details: Category: Tungsten's News; Published on Friday, 04 March 2022 18:34

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten market maintains stability on the whole when the recent international geopolitical tension has brought a certain impact to the tungsten industry. In addition to the inflation risk caused by the turmoil of bulk commodities in the short term, the impact on the trade of tungsten products is mainly reflected in the pressure of payment and transportation with Russia and Ukraine.

In the tungsten concentrate market, the sentiment of traders' shipments and cash outs has affected the trading prices. Most purchasers seek for lower prices, but considering the cost pressure caused by environmental protection supervision and global inflation, the willingness of holders to cut profits is limited. Concentrate prices now stalemate at around $18,571.4/ton.

In the APT market, the uncertainty of global inflation has increased, causing food and energy prices to soar, and the cost pressure of raw and auxiliary materials faced by smelters has also intensified. Recently, the pressure of supply and demand of mineral products has gradually been transmitted to the downstream, and most offers were $322.8/mtu.

In the tungsten powder market, the upstream and downstream of the industry chain continue to be in a stalemate, and purchasing enthusiasm is not high. Actual transactions are limited and prices mainly stands at $44.0/kg.

Prices of tungsten products on March 4, 2022

tungsten powder price image