China’s Tungsten Powder Price Stabilizes Affected by Repeated Epidemics

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day. Although some state-owned enterprises raised their new offers, insiders are still worried about the demand. 

Recently, the repeated epidemics in Chengdu and other places have significantly interfered with the production and sales of some cemented carbide enterprises, and the demand for downstream terminal manufacturing has not yet recovered. Before Mid-Autumn Festival, transaction prices will mainly refer to the long-term contract prices released by large tungsten companies. 

From macroscopic respects, repeated epidemics and geopolitical pressure continue to plague the stability of the industry chain and supply chain. The global manufacturing Purchasing Managers Index (PMI) in August was 50.9%, down 0.3 percentage points from the previous month, declining for three consecutive months and hitting a new low since July 2020., indicating that the global economic recovery momentum continues to weaken, according to the latest data from the China Federation of Logistics and Purchasing. 

Prices of tungsten products on Sep. 8, 2022

Picture of tungsten acid 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >