China’s Tungsten Carbide Powder Price Stabilizes Under Zero-Covid Strategy

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten carbide powder prices are unchanged from the previous trading day as the whole market keeps quiet trading activity. 

The supply of raw materials increases compared with the first quarter of this year and sellers are more will to sell their products. For the demand side, it continues to be weak and the recovery may be in July after the stabilization of COVID-19. On the macro side, the repeated outbreak of the epidemic and the tensions between Russia and Ukraine have made the external environment full of uncertainty. China's zero-Covid strategy and the Fed's plan to shrink its balance sheet and raise interest rates have put pressure on market transportation and capital flow. In the short term, insiders will take a watchful stance and the overall liquidity of the tungsten market is low. 

At present, tungsten concentrate and APT markets mainly stabilizes. For the tungsten powder market, factory closures, logistics restrictions, port congestion under the impact of the epidemic in April were not only clearly reflected in the economic and trade data of the month, but also shaken the confidence of the industry in the future. The market's risk appetite under the epidemic and geopolitical pressure decreased, and traders remained low trading appetite. Therefore, the price is also stable.

Prices of tungsten products on May 19, 2022

Picture of tungsten concentrate 

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