Analysis of latest tungsten market from Chinatungsten Online
China tungsten price was in the upward trend in the week ended on Friday, July 09, 2021 with the impact of increased bid prices from listed enterprises for the first half of this month.
At the beginning of July, China’s domestic and foreign cemented carbide enterprises successively increased their offers of alloy products. Raw material manufacturers had strong rised mentality and downstream buyers had to accept their high offers. But except for actual needs, consumers were still cautious of high-price transactions.
The price in the tungsten concentrate market is exploring towards $16,666.7/ton. Low-price resources were hard to be purchased while high-price deals were reported rarely. Mainstream offers for ammonium paratungstate (APT) hovered around $278/mtu. Factories worried about the risk of price inversion and some of them stopped quoting. For the tungsten powder market, some suppliers made offers up to $38.1/kg, but actual deals concluded at about $37.5/kg.
In the short term, as domestic epidemic has been affectively contained, the economic recovery and the release of domestic demand are relatively optimistic, plus with the increase in production and operation costs of raw materials, labor, logistics and freight, environmental protection and others, participants have good expect for the outlook.
Prices of tungsten products on July 12, 2021
Picture of tungsten acid
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