China’s Domestic Tungsten Price Kept Firm in the Second half of March, 2022

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price was in the upward trend in the week ended on Friday, March 25, 2022 despite of deadlocked supply and demand in the market. 

The complex and turbulent macro environment has raised cost significantly. The increase in new long-term contract prices from listed tungsten companies, ammonium paratungstate processing costs of smelting companies and sales prices of cemented carbide companies shored up the whole market sentiment. However, market trading remained cautious. 

In the tungsten concentrate market, some high-grade prices hit $19,354.8/ton mark, and the on-site purchase and sales were relatively flat. Based on the non-renewable resources and strategic value attributes, as well as the support of cost, the holders have a strong willingness to support the market. Due to the limited demand for real orders, customers remain cautious in receiving goods.

In the APT market, the spot trading prices were consolidated at around $331.7/mtu. Recently, China's energy and grain supply and price stabilization actions have continued. On the one hand, it reflects the shortage of external resources and significant inflationary pressures; on the other hand, it also shows that the domestic market regulation is more rational and stable than overseas. At present, traders’ offers are more firm based on cost pressure.

In the tungsten powder market, companies’ offers were tried to rise to $45.2/kg due to the recent positive sentiment in the upstream of the industry chain, and the influence of the price increase of downstream alloy products. Under the pressure of high cost, the overall trading sentiment of the market is relatively cautious.

Prices of tungsten products on March 28, 2022

Picture of tungsten ore 

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