Analysis of latest tungsten market from Chinatungsten Online
The ammonium paratungstate (APT) and tungsten powder prices tungsten carbide bar in China start to show a slow growth with more participants take a watchful stance, waiting for the next moves in demand, the spread of Covid-19, economy and industry-related policies.
Limited raw materials availability has rosed tungsten price since participants come back from the holiday of Spring Festival. Tungsten ore price increased to $15,396.8/ton, APT up to $265.4/mtu and tungsten powder price rose to $35.9/kg. However, trading conclude at high prices is limited. Now insiders have good expectation for the outlook with many favorable factors in the market.
In the first two months of this year, the total value of China's import and export was 5.44 trillion yuan, an increase of 32.2% year-on-year. Among them, exports were 3.06 trillion yuan, an increase of 50.1%; imports were 2.38 trillion yuan, an increase cemented carbide blade of 14.5%; the trade surplus was 675.86 billion yuan, according to customs statistics.
Prices of tungsten products on March 10, 2021
Picture of tungsten acid
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