China Tungsten Price Keeps Stable in the Middle of August 2022

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable with raw material sellers still have strong rised mentality and buyers keep cautious sentiment. The overall liquidity of the tungsten market is sluggish, and the recent electrical pressure under high temperature and the spread of the epidemic may affect the release of market supply.

In the tungsten concentrate market, the price of high-grade resource hovers around $18,153.8/ton. The willingness of mining and smelting enterprises to support the market remains the same. The concentration of market resources has increased, and transactions at low price is less. Downstream end users keep cautious trading sentiment and the market trading is limited. 

In the APT market, smelters’ export offers were stalemate at around $307.7/mtu. The strong market for mineral products was transmitted, and the market's intention to ship at a low level was not high. However, the downstream terminal consumption was not yet clear, and the bulk market transactions were relatively limited. Factories faced pressure of price inversion and the continuity of the high-price transactions is waiting for the implementation of the effective demand.

In the tungsten powder market, powder merchants tried to offer $41.5/kg with the support of cost. However, downstream inquiries still negotiated when received goods. The high temperature and off season still restrained the demand for downstream terminals of tungsten products. 

Prices of tungsten products on August 16, 2022

Picture of tungsten needle 

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