China’s Tungsten Powder Price Stabilizes Amid Low Trading Activity

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten bar prices in the Chinese market are unchanged from the previous trading day as the supply and demand sides are still weak, and the uncertainty risks remain on the macro side. 

Xiamen Tungsten, the state-owned tungsten company, quoted APT bid price at $290.3/mtu, an increase of $3.5/mtu compared with the first half of this month. 

In the tungsten concentrate market, mining enterprises have strong rised mentality despite downstream buyers remain cautious sentiment. Market liquidity remains low and price stands at $16,923.1/kg. 

In the ammonium paratungstate (APT) market, smelting factories quoted product prices at around $295.5/mtu, but buyers do not accept it as they still face pressure of price inversion under the off-seaon and high flation pressure in overseas markets. 

In the tungsten powder market, the cost of raw materials has boosted traders' sentiment towards the market, but the positive signals from the alloy end and cobalt powder market are limited. Affected by the economic pressure of overseas markets, the enthusiasm for active receipt of goods in the market is not high, and the mainstream focus is on $39.2/kg. The domestic steady growth dividend is expected to boost the consumption of tungsten products in the automobile, infrastructure and other sectors.

Prices of tungsten products on July 20, 2022

Picture of tungsten heater 

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