China’s Tungsten Carbide Powder Price Stabilizes on Low Trading Activity

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten carbide powder and tungsten bar prices continue to keep stable owning to cautious trading sentiment of market participants. Some raw material suppliers consider profit-taking while end users make purchasing plans according to their actual needs. 

In the tungsten concentrate market, suppliers would like to support the market, but under high temperature, off season and unstable internal environment, the whole trading activity is low. Concentrate price stabilized at $18,461.5/ton. 

In the ammonium paratungstate (APT) market, both supply and demand sides face pressure due to the low operating rate of manufacturing enterprises. Deals also are hard to be concluded. At present, the price hovers around $312.9/mtu. 

In the tungsten powder market, the recent power consumption in Sichuan and other places has attracted the attention of the industry. Some cemented carbide companies have postponed their construction, and some ferro tungsten companies have raised their product prices due to cost pressures. The offer was pushed up to $41.5/kg. The weak demand affects actual orders, and traders mainly take a watchful stance.

Prices of tungsten products on August 25, 2022

Picture of tungsten acid 

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