China’s Tungsten Carbide Powder Price Continues to Decline on October 20

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten carbide powder prices are still in the downward trend on October 20, 2022. Recently, the tungsten market has not been affected by the strong molybdenum market and continues its weakness. 

In the tungsten concentrate market, the implementation of consumption promotion measures superimposed on the mine maintenance and production reduction has a certain positive boost to the market. However, due to the repeated epidemics and seasonal factors, the current demand for tungsten products is not optimistic, which weakens market confidence. Some of the profit-making shipments have affected the overall trading price. Low-grade offers are basically below $16,176.5/ton. 

In the APT market, affected by international geopolitical pressure and the repeated epidemic, the performance of the consumer market continued to be sluggish. The willingness of buyers to take the initiative to receive goods and replenish the inventory was not high, the smelting plant was operating at a low operating rate, and the overall market was mainly cautious in trading and negotiation. 

In the tungsten powder market, with the impact of the consumption pressure on the alloy end, the overall trading of the market is weak. Factors such as inflation, epidemics, and geographic conflicts have also a greater impact on the real economy. The market outlook is uncertain, and the short-term market is not clear. At present, trading prices of tungsten powder tend to fall to $37.5/kg.

Prices of tungsten products on October 20, 2022

Picture of tungsten needle 

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