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The turbulence in domestic tungsten market prices has driven the gradual recovery of foreign tungsten market prices

- Mar 29, 2018 -

The turbulence in domestic tungsten market prices has driven the gradual recovery of foreign tungsten market prices. According to the statistics of China Tungsten Steel Association, in 2017, the average annual prices of China's exports of APT, yellow tungsten, blue tungsten, tungsten powder, tungsten carbide and alloy mixtures rose 17.37%, 19.76%, 21.75%, 16.00%, 14.69% year-on-year, respectively. And 24.05%.


The average monthly quotation of APT in London Metal Guide (MB) was from the high of 470 USdollars/ton in June 2011, and it fell for 5 consecutive years to US$191.25/ton in December 2016, down by US$278.75 per ton. The drop was 59.31%, and the decline time and decline both exceeded the period of the financial crisis. In 2017, the domestic tungsten market price appeared a rational return, driving the international tungsten market prices to gradually rise, and London's Metal Lead (MB) APT quotes in London generally showed a gradual upward trend. APT's annual average price of 242.47 US dollars / ton, an increase of 26.84%.


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