China Tungsten Price Stabilizes in the Middle of April Given the Support from High Costs

Details: Category: Tungsten's News; Published on Monday, 18 April 2022 10:03

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintains stability in the middle of April given the support from environmental protection, logistics, inflation, high costs and other factors. Participants in the raw material markets have confidence in market outlook, but traders still remain rational as they are worried about the risks from local conflicts, repeated COVID-19 and extreme weather.

At present, tungsten concentrate price hovers around $19,677.4/ton with limited deals conclude in the market; APT price is about $335.3/mtu supported by high raw material prices; tungsten powder price stands at $45.5/kg, and prices of back-end alloy products are difficult to increase.

On the macro side, the "2022 Asia-Pacific Economic and Social Survey" report released by the United Nations Economic and Social Commission for Asia and the Pacific on the 12th stated that as the base effect gradually subsides, the economic growth rates of developing Asia-Pacific economies are expected to increase 4.5% and 5% in 2022 and 2023 respectively, which are moderate compared to the high growth rate of 7.1% in 2021. Global GDP is expected to be 4% and 3.5% respectively in the next two years.

Prices of tungsten products on April 14, 2022

China tungsten price photo