China’s Tungsten Powder Price Stabilizes in the Middle of September 2022

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market remain weak adjustment because uncertain factors such as the epidemic, geopolitical conflicts, and inflation still put pressure on back-end industrial consumption and affect the focus of tungsten product prices.

The price of tungsten concentrate is stalemate at around $18,000.00/ton and the liquidity of market resources is relatively slow. Affected by factors such as festivals and conferences in October, as well as the upgrade of environmental protection and safety management and control, mine output is expected to decrease. As the demand side is weak, the short-term market will be relatively balanced. 

The price of APT hovers around $307.7/mtu. With the passing of golden September, market demand still fails to meet market expectation, and thus smelting factories face great pressure and are cautious in quoting. Purchasers remain low buying appetite and transaction prices mainly refer to the long-term contract prices of listed tungsten companies. 

Tungsten powder price stands at about $41.1/kg with the impact of weak raw material side as well as the back-end alloy consumption. At present, overseas energy shortage, economic pressure and currency tightening continue to affect related manufacturing consumption, and tungsten market participants are generally cautious and wait and see into the market.

Prices of tungsten products on Sep. 16, 2022

Picture of tungsten trioxide 

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