Tungsten powder price stabilizes with the approaching of New Year 2021

China ammonium paratungstate (APT) and tungsten powder prices maintain stability with the approaching of New Year 2020. At present, stricter environmental protection, power limit of mining enterprises and logistic constrain increase production cost, but continued spread of Covid-19 and persistent weakness in the demand side weaken market confidence. In the short term, the market is expected to be in stalemate.

The latest data from China General Administration of Customs shows that the volume and price of China’s tungsten imports and exports in November have recovered from a negative to positive compared with last month and the recovery may continue.

China’s tungsten exports in November 2020 reach 1039.77 tons, an increase of 5.51% month-on-month and a year-on-year decrease of 36.88%. In November, China’s tungsten exports are 196 million yuan, an increase of 1.10% month-on-month and a year-on-year decrease of 38.39%.

In November, China’s export volume of tungsten trioxide was 221.1 tons, a decrease of 0.17% month-on-month and 19.30% year-on-year; the export volume of ammonium paratungstate was 61 tons, a decrease of 8.96% month-on-month and 62.58% year-on-year; the export volume of sodium tungstate was 600 kg, a decrease of 80.65% month-on-month and 89.09% year-on-year; the export volume of tungsten carbide was 150.8 tons, a decrease of 34.07% month-on-month and 59.04% year-on-year; the export volume of tungsten powder was 84.2 tons, a decrease of 52.35% month-on-month and 36.60% year-on-year. The export volume of ammonium metatungstate was 105.6 tons, an increase of 55.26% month-on-month and an increase of 4.29% year-on-year; the export volume of ferrotungsten was 117.3 tons, an increase of 109.38% month-on-month and a year-on-year decrease of 19.69%.

Prices of tungsten products on December 30, 2020