China Tungsten Market Is Affected by Global Inflation and Recent Geo-risks

Details: Category: Tungsten's News; Published on Friday, 05 August 2022 15:32

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices are unchanged from the previous trading day on deadlocked supply and demand in the market. Raw material manufacturers have rised mentality, giving support to the market, but the demand side follows up cautiously, limiting the price increase and market trading.

The external environment of the market is still volatile. In addition to the high temperature and off-season, the epidemic, global inflation, monetary tightening and the recent geo-risks have attracted great attention from people inside and outside the industry. Whether it is from the perspective of strategic metals, or from the analysis of the degree of resource concentration and trade distribution in relevant regions, China tungsten market will be affected. As for the actual situation, we need to pay attention to latest changes.

In the tungsten concentrate market, with the impact of strong market, some traders have increased sales sentiment, but the demand for receiving goods from downstream terminals is limited, and the transaction at high price is still limited. At present, offers for high-grades hover around $17,392.3/ton.

In the APT market, smelters are cautiously avoiding the risk of price inversion. On the one hand, they are concerned about the pressure on the cost side, and on the other hand, they are worried about off-season consumption. The overall market transaction relies on actual demand.

In the tungsten powder market, the raw material side supports the merchants' offer attitude relatively positively, but the consumption of the back-end cemented carbide and its downstream industries remains cautious, and the market transaction activity is limited. The short-term market is expected to keep quiet.

Prices of tungsten products on August 5, 2022

ferro tungsten price photo