Analysis of latest tungsten market in China

China’s tungsten powder and ammonium paratungstate (APT) prices remain stable on August 3, 2021 when the market keeps quiet with cautious sentiment of participants. 

On the supply side, natural disasters such as floods, high temperatures, and typhoons have frequently occurred in many places in the south recently, which has increased the difficulty of smelting enterprises' production. In addition, holders are actively reluctant to sell at low prices to support the market. 

On the demand side, downstream end-users have limited acceptance of the raw material market and participants mainly take a watchful stance when the market is priceless. It is worth noting that under the background of carbon neutrality and new infrastructure, although the cost pressure of enterprises and the requirements of reform and transformation are increasing, they are also facing opportunities. There is certain development space for industrial internet, energy saving and emission reduction, high-precision manufacturing and other fields. 

On the macro side, the repeated global epidemic, especially the spread of the variant strain delta, has caused market concerns. On the one hand, there is concern that the international logistics capacity is tight and the consumer market, especially the overseas consumer market, will be disappointed; on the other hand, another concern is about rising raw material costs caused by inflation expectations under the stimulus policy for the economy and trade of various countries.