China’s Domestic Tungsten Price Remains Stable in Early December

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remains stable at the beginning of the week as the stocking of downstream boosts the sentiment of tungsten raw material manufacturers to rebound. Most traders remain cautious, waiting for further guidance from the market. 

In the tungsten concentrate market, some offers are adjusted upward to $17,142.9/ton with rare deals concluded. Mining enterprises still have confidence in the market while the demand side remains weak. In the short term, participants will mainly pay attention to the environmental protection cost under the dual-carbon goal, and the consumption resistance under the pressure of repeated epidemics, logistics constrain, and economic and trade contradictions.

In the APT market, the price is tentatively moving towards to $297.7/mtu. The negative impact on the decline in energy costs and raw and auxiliary material prices is gradually being digested by the market. At present, the main pressure on the market stems from the downturn on the demand side. Under the pressure of upside down, businesses pay attention to rebound opportunities, but the adjustment space may be limited.

In the tungsten powder market, market price is around $40.5/kg, and the upstream and downstream of the industry chain are in a stalemate. Recently, Omicron variant has stimulated the price of cobalt powder to rise, which has put pressure on the production of cemented carbide. Appropriate price increases of downstream products will boost the price of raw tungsten carbide to a certain extent.

Prices of tungsten products on December 7, 2021

Picture of tungsten ore 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >