Tungsten Price and Its Market

The price of tungsten powder has been increasing in an astonishing speed from RMB320.00/KG to more than RMB380.00/KG in the past 10 days, which is increased almost by 20% compared with what was last month. As an indispensable component of tungsten products, the prices of tungsten products such as tungsten radiation shielding, tungsten cubes, tungsten rods and tungsten plates keep increasing accordingly. 

Related official indicated that is resulted from the development of China’s economy, labor cost increasing, lack of electronic powder, which leads to the sharp increasing. Besides, as applications of tungsten products have been turned from traditional areas to new concept fields, such as electronic, military and energy resource areas, which resulted in a great demand of tungsten material and related products. Therefore, it is estimated that prices for tungsten related will go in an increasing trend.