China’s Ferro Tungsten Price Keeps Strong as Domestic Market Strengthens

Analysis of latest tungsten market from Chinatungsten Online

China’s concentrate and ferro tungsten prices keep strong on December 22, 2021 despite of quiet overseas markets with the approaching of Christmas. 

On the supply side, some factories started to carry out their plant maintenance plans and the supply in the market reduced, which raised raw material manufacturers’ rised mentality. 

On the demand side, the increase in corporate funding pressure at the end of the year and the impact of the overseas market closure as Christmas approaches, exporters received only a very few overseas inquiries and thus chose not to make unsolicited offers.

On the macro level, issues such as COVID-19 mutant strains, imported inflation pressures, and supply chain disruptions still impact the external market environment and affect industry business activities. Trading in the tungsten market is more cautious in the short-term, with a wait-and-see mood at the end of the year.

Prices of tungsten products on December 23, 2021

Picture of sodium tungstate

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