China’s Tungsten Carbide Powder Price Is Weak due to Quiet Market

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices remain weak adjustment on June 9, 2022 as the market is still in a stalemate. In addition, the decline in new offers from listed tungsten companies also weakened market confidence. 

In the tungsten concentrate market, the weakness in the demand side puts pressure on the raw material side, and high-grade tungsten concentrate price mainly stabilizes at $16,923.1/ton.

In the ammonium paratungstate (APT) market, under the high inflation pressure led by the epidemic and the conflict between Russia and Ukraine, the market is also faced with high capital risks, superimposed on the sluggish atmosphere on the demand side, and the risk aversion on the market has increased. Offers in the market mainly refer to long-term contract prices released by state-owned tungsten companies. 

In the tungsten powder market, the demand did not recover as expected after the Dragon Boat Festival, and the repeated epidemics, geopolitical crises and extreme events continued to impact global transportation capacity and import and export trade. It is difficult to digest the accumulated inventory in the early stage, the contradiction between supply and demand is prominent, and buyers purchase products according to what they actual needs. 

Prices of tungsten products on June 10, 2022

Picture of tungsten sheet 

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