The tungsten market seems to be getting a little hotter with...

The tungsten market seems to be getting a little hotter with market info coming through more often the usual.

This piece from Fastmarkets

Pricesof tungsten products on Aug. 2, 2021

China’stungsten market continued to remain strong in the week ended on Friday, July30, 2021 with different attitudes towards the outlook. Raw materialmanufacturers still have strong rised mentality while intermediaries anddownstream users are cautious to avoid risks given that the price is high atpresent.

Sincelate June, China’s domestic tungsten prices have continued to rise. Accordingto statistics from Chinatungsten Online, the price of high-grade tungstenconcentrate rose from $16,031.7/ton to current $18,095.2/ton, an increase ofabout 12.9%; APT price increased from $274.4/mtu to $304.8/mtu, an increase ofabout 11.1%; tungsten powder price rose from $37.0/kg to $41.0/kg, an increaseof about 10.7%. As the price rises, raw material resources are difficult tofind and the back-end users become cautious. The whole market transactions arelimited.

Regardingthe market outlook, companies mostly look forward to seeking long-term,sustainable and healthy development with steadiness, but they are also worriedthat the stabilization of the market will induce panic. It is important thatthe industry to remain rational in this period.