Domestic tungsten prices remained stable. Supported by strong raw material costs and other commodity metal prices rose and resonated, the market sentiment was also positive. Last Friday, Jiangxi’s large tungsten companies also raised their first long-term quotations after the Spring Festival.

In general, the industry has high expectations for the 2021 epidemic control and economic and downstream manufacturing recovery. The tungsten concentrate market maintains an attitude of expecting an increase in goods, and the spot price has reached 93,000 yuan/ton. Recent industry concerns 2021 tungsten ore mining total control index data; APT and tungsten powder market maintain a slight increase in the market, downstream alloy companies still passively raise prices under cost pressure after the holiday, the tungsten market cost support is strong, but the demand side consumption Performance still needs to be improved, and the overall high transaction volume is relatively lagging behind.

As the prices of cemented carbide raw materials, tungsten and cobalt, continue to rise, resulting in a substantial increase in company costs, our company (Nanchang Cemented Carbide Limited Liability Company) has decided to implement the new prices from February 22, 2021.