China’s Tungsten Powder Price Stabilizes with Low Trading Activity

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day because the market continues to keep quiet with low trading activity. 

In the tungsten concentrate market, the mentality of the holders continues to be stable, the downstream end users maintain rigid demand for purchases, the market offers for high-grade resources stand at about $18,461.5/ton. The industry is mainly focusing on the news of the two sessions in March.

In the APT market, there are not many low-level resources in the upstream of the industrial chain, and the downstream consumption is released around rigid demand. Most market transaction prices hover around $312.9/mtu. 

In the tungsten powder market, there is a game of supply and demand in the fundamentals, and the positive and negative factors are intertwined in the macro. The market has no obvious ups and downs in the short term. The industry believes that domestic measures to stabilize the economy continue to exert force, and consumption momentum is expected to improve, but the real effect remains to be seen.

Prices of tungsten products on March 1, 2023

Picture of tungsten heater 

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