The Supply of Tungsten Concentrate Became Tight Under COVID-19 and Geographical Politics

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price showed steady trend in the week ended on Friday April 1, 2022 as the whole market kept quiet with the approaching of QingMing Festival and mixed factors in macro side. 

On the one hand, although the direct impact of international geopolitical conflicts on the output and circulation of the tungsten market is limited, with the widened sanctions and the rising prices of raw and auxiliary materials, the cost pressure and consumption risks faced by the industry have increased simultaneously; On the one hand, the domestic epidemic has spread in many places, which has affected the operation of tungsten-related industries in Henan, Hebei, Fujian and other places. The output and freight of raw and recycled materials are faced great pressure. 

In the tungsten concentrate market, the supply became tight under COVID-19 and geographical politics pressure and prices stood at about $19,354.8/ton; as mining enterprises facing great pressure in environmental checks and the supply chain of raw materials also was affected, smelting factories kept firm offers at around $333.5/mtu; tungsten powder market remained strong and prices rose to $45.2/kg. 

Prices of tungsten products on April 6, 2022

Picture of tungsten acid 

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