Monthly Tungsten Market Report Jan 2022
2022-02-23 18:16:17 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
In January 2022, tungsten prices kept moving up. After the Chinese Spring Festival holiday, raw material supply tightened, so suppliers intended to lift prices to check market responses. Afraid that prices might rise further, consumers made small-quantity purchases and the market saw steady deals. Feeling bullish on future price trends, tungsten concentrate suppliers continuously lifted prices; as a result, mainstream market prices for tungsten concentrate got quite close to RMB180,000/t (USD28,445/t) EXW D/P. Supported by rising tungsten concentrate prices, APT 88.5%min suppliers also lifted their prices, but the market mainly saw deals concluded upon rigid demand, and market supply was tight on the whole. As end consumers needed to replenish stocks at the year end while raw material prices moved up, tungsten powder prices kept rising; suppliers intended to lift their prices to around RMB270/kg (USD42.67/kg), and the market saw saturated demand. On the international market, given continuously rising prices on the Chinese domestic market, prices on the international tungsten market stayed firm; but since prices were high, consumers were cautious in making purchases, and prices on the international market leveled off.
In January 2022, tungsten prices kept moving up. After the Chinese Spring Festival holiday, raw material supply tightened, so suppliers intended to lift prices to check market responses. Afraid that prices might rise further, consumers made small-quantity purchases and the market saw steady deals. Feeling bullish on future price trends, tungsten concentrate suppliers continuously lifted prices; as a result, mainstream market prices for tungsten concentrate got quite close to RMB180,000/t (USD28,445/t) EXW D/P. Supported by rising tungsten concentrate prices, APT 88.5%min suppliers also lifted their prices, but the market mainly saw deals concluded upon rigid demand, and market supply was tight on the whole. As end consumers needed to replenish stocks at the year end while raw material prices moved up, tungsten powder prices kept rising; suppliers intended to lift their prices to around RMB270/kg (USD42.67/kg), and the market saw saturated demand. On the international market, given continuously rising prices on the Chinese domestic market, prices on the international tungsten market stayed firm; but since prices were high, consumers were cautious in making purchases, and prices on the international market leveled off.
