International Price of Ferro Tungsten Has Driven China Tungsten Market to Be Strong

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price mixes on March 8, 2022 – tungsten concentrate and ammonium paratungstate (APT) prices tend to decline as shipments of some traders increase due to slight oversupply; the back-end powder and its downstream alloy markets are still faced with the risks of cost pressure, deadlocked supply and demand, and macro uncertainty. 

In the ferro tungsten market, the recent tensions between Russia and Ukraine have affected the stability of the supply chain in overseas markets mainly in Europe. The international price of ferro tungsten has driven China tungsten market to remain strong, and the demand for related shipments may also increase alternatively.

The new round of Ganzhou Tungsten Association's forecasted average price and long-term contract prices of various large tungsten companies have been announced successively, basically returning to the level in early February, which affects the overall confidence in the raw material market. Based on cost pressures dominated by environmental protection and inflation, and the prominent value attributes of strategic resources under the background of geo-risks, the market has limited room for profit, and short-term price tends to be weak.

Prices of tungsten products on March 9, 2022

Picture of black tungsten concentrate 

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