Cemented Carbide Companies Plan to Increase Product Prices Since April

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten powder prices continue to keep stable and firm on March 30, 2022 as cemented carbide companies plan to increase product prices since April, shoring up the overall mentality of the industry. 

The raw material market is in a positive mood. On the one hand, it is boosted by the back-end price increase; on the other hand, it is because environmental protection control and global inflation continue to affect the difficulty of raw material output and the initiative to release resources.

The downstream terminal market maintains a cautious and rational mood. Although the price of products has been passively increased due to the transmission of cost pressures, and some stocks have flowed into the market, the actual demand is relatively flat because the repeated epidemics and geographical pressure affect the raw and auxiliary materials supply chain as well as the overall consumer sentiment. It is more difficult to recover the manufacturing economy, and the global logistics capacity is still tight.

On the whole, the supply and demand side of the tungsten market is still in a stalemate, and the pressure on the cost side has both advantages and disadvantages for the industry. In the short term, the market is expected to stabilize, waiting for the changes in macro news and a new round of quotations from institutions and large enterprises after the Tomb-Sweeping Day.

Prices of tungsten products on March 31, 2022

Picture of tungsten trioxide 

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