China’s Tungsten Powder Price Edges Higher on Increased Guide Prices

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium paratungstate (APT) prices remain strong on August 9, 2022 with the impact of the rise in new guide prices for the first half of this month. 

In the tungsten concentrate market, the liquidity of spot resources is limited. On the one hand, due to the relatively positive attitude of mining and smelting enterprises, low-level resources are hard to find in the market; on the other hand, due to the limited consumption power of downstream users, the sentiment of receiving goods at high levels remains cautious. The mainstream product offers hover around $17,692.3/ton.  

In the APT market, the sentiment of the upstream of the industry chain is being transmitted, and the smelting business offers are relatively positive. The main focus of market offers is about $305.9/mtu. However, due to the high temperature, off season and the uncertainty of the whole world, the market sentiment is still suppressed and overall trading activity is limited. 

In the tungsten powder market, the positive sentiment of raw materials and the firm offer of institutions boosted the mentality of merchants. The offer on the market was tested at $41.5/kg, but the actual transaction orders were relatively lacking. The industry is concerned about the continued consumption of downstream alloy ends. To repair the situation, the domestic economy is expected to be good, but the overseas situation is cautious.

Prices of tungsten products on August 10, 2022

Picture of violet tungsten oxide 

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