China’s Domestic Tungsten Price Stabilizes When Market Demand Is Expected to Increase

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price has shown a stable trend at the beginning of the week due in part to the tensions in overseas markets. Although market demand is expected to increase, the repeated epidemic and the instability of economic and trade recovery still pose challenges to the operation of the industry. 

At present, tungsten concentrate price is about $19,193.5/ton with deals concluded limited; APT is quoted at $329.9/mtu and tungsten powder price hovers around $44.8/kg. In the short run, market participants will mainly pay attention to the new guide prices for the second half of this month. 

On the macro level, the combination of epidemic, extreme weather events and geopolitical conflicts has exacerbated the pressure of disruption to the global supply chain. In particular, the industrial and agricultural operations in Western countries are facing challenges from energy shortages, high raw and auxiliary materials costs, and logistics and transportation constrain. The relevant markets have to seek alternatives. 

As a major resource and consumption country and one of the countries with the most efficient and effective post-epidemic recovery, China will undoubtedly become an important market for foreign countries to seize. For the tungsten industry, it is both an opportunity and a challenge. The right to speak of the value of resources will be further improved, and the current situation of uneven product quality needs to be improved urgently. In addition, the awareness barrier about environmental protection is also facing more temptations.

Prices of tungsten products on March 22, 2022

Picture of tungsten concentrate 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >