China Tungsten Price Remained Weak Adjustment in Early September 2022

Details: Category: Tungsten's News; Published on Tuesday, 06 September 2022 15:43

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remained weak adjustment as most market participants took a watchful stance and spot trading activity was low.

In September, with the coming of high season and the ease of power shortage, market demand is expected to increase. However, macroscopic instability will still affect the market trend. For example, repeated epidemic suppresses upstream and downstream consumption in the industrial chain, and the global inflation and monetary tightening requirements will affect the pace of Fed rate hikes. After the commodity market is directly impacted, the tungsten industry also will be affected indirectly.

In the tungsten concentrate market, the quality of resources has decreased and the concentration has increased. On the one hand, the cost support has been increased; on the other hand, the control of raw materials has been strengthened. The overall market is expected to be stable. However, due to the limited feedback from downstream terminal purchases, the spot trading is still limited.

In the APT market, the pressure on the cost side and the demand side inhibited market transactions. The focus of the quotations on the market was stalemate at around $309.4/mtu. It is expected that the market outlook will still be dominated by the supply and demand pattern.

In the tungsten powder market, the cost factor is the main driving force for the current market stability. Recently, the upstream industry chain has loosened due to profit-taking sentiment, while the production and sales of some downstream cemented carbide enterprises and their back-end products have been affected by the repeated epidemics. The trading atmosphere was quiet, and the price of powder showed a steady decline.

Prices of tungsten products on Sep. 6, 2022

China tungsten price photo