Tungsten Concentrate Market Keeps Strong at the Beginning of September 2022

Details: Category: Tungsten's News; Published on Friday, 02 September 2022 17:46

Analysis of latest tungsten market from Chinatungsten Online

Ferro tungsten and tungsten carbide powder prices in the Chinese market remain stable on September 1, 2022. The impact of repeated epidemic and the pressure of power shortage under high temperature on the terminal demand and supply chain is gradually easing, and insiders expect that the demand may recover soon.

However, the current orders show no signs of increase. Affected by the profit-taking sentiment of some traders, spot trading offers of tungsten products has declined slightly.

Tungsten concentrate market keeps strong and prices increase to $18,461.5/ton. As buyers are still cautious in purchasing products, more and more sellers consider profit-taking in order to conclude more deals. But the room of profit cut is limited when the supply is tight.

Offers in the APT market are adjusted according to the raw material market. Smelting factories still face pressure of price inversion and are reluctant to sell at low prices. Most product prices hover around $309.4/mtu. Participants mainly wait and see the impact of external news in the market outlook, as well as a new round of bid prices from listed tungsten companies in this month.

In the tungsten powder market, the main positive expectations come from the support of the cost side, and the main pessimistic expectations come from the macro uncertainty. The industry is relatively cautious in the judgment of the demand side, and prices mainly stand at $41.2/kg. It is worth noting that the attention of the military industry has continued to increase since the beginning of this year, especially the demand for military integrated circuits and aero-engines is relatively high, mainly due to cost factors and the industry's shortage of supply. Benefiting from this, it is expected that the demand for related tungsten products is expected to grow.

Prices of tungsten products on Sep. 2, 2022

tungsten concentrate price photo