China’s Tungsten Powder Price Is Stable on Deadlocked Market

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continue to remain stable at the beginning of the week as the market is in a stalemate. Raw material suppliers have strong rised mentality while buyers take a watchful stance, waiting for further guidance from the market.

In the tungsten concentrate market, due to cost pressures such as environmental protection and epidemic prevention, suppliers are still optimistic about the market outlook. In addition, the recent activity of the ferro-tungsten market has been boosted by overseas markets and the steel industry, shoring up confidence in the raw materials. Now the high-grade tungsten ore market remains firm and the price hovers around $18,095.2/ton.

In the APT market, smelters are facing risk of price inversion and weak demand from downstream. Offers are hard to rise to $304.9/mtu with limited orders concluded. For the tungsten powder market, price stands about $41.3/kg. although cemented carbide products with passive price increases in the downstream are gradually accepted by the back-end, deals are limited given cautious sentiment of overseas buyers.

Prices of tungsten products on August 17, 2021

Picture of tungsten alloy ball 

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