Chinese Ferro Tungsten Exporters Pushed for Higher Prices on Tight Spot Suppliers

Details: Category: Tungsten's News; Published on Monday, 14 March 2022 19:02

Analysis of latest tungsten market from Chinatungsten Online

Chinese ferro tungsten exporters are pushing for higher prices in the week ended on Friday, March 11, 2022 due to tight spot supplies in both the domestic and overseas markets, with a sharp increase in inquiries from abroad.

Regarding domestic tungsten market, price mainly stabilized affected by the reduce in new guide prices from GTA and listed tungsten companies. But supported by increased overseas inquiries from overseas buyers who expressed concern over supply shortages in Europe and sought prompt cargoes, market prices tended to rise. Market transactions remained low.

Recently, the shortage of overseas resources has been transmitted, and the prices of raw and auxiliary materials have continued to rise sharply. Under the background of the epidemic and geo-risks, the cost pressure of manufacturers has continued to increase, and there have been constant news of price increases for tungsten ferroalloy and tungsten-cobalt alloy products.

Prices of tungsten products on March 14, 2022

Chinese ferro tungsten price image