China Tungsten Price Stabilizes Due to Continued Spread of Epidemic

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price stabilizes on the whole as the spread of the epidemic in Zhuzhou and other places has affected the consumption and transportation of cemented carbide, which has weakened the confidence in market demand. 

With the implementation of "further optimization and adjustment of epidemic prevention and control measures" recently, the overall consumption mentality is recovering. At present, due to the lingering external economic, trade and geopolitical risks, the consumer market has a strong risk aversion preference, the real demand for tungsten products is still limited, and trading continues to be in a stalemate.

In the tungsten concentrate market, the sentiment of miners and smelters to support the market has been transmitted, and the market’s profit-making and shipping operations have decreased. However, downstream terminals still purchase products on demand, which affects the poor liquidity of spot transactions.

In the APT market, raw and auxiliary material costs provide obvious support for the market. At the same time, the kinetic energy of the consumer end is still under pressure, and the market spot negotiations are deadlocked. Most insiders are waiting for the new offers from listed tungsten companies. 

In the tungsten powder market, the resource circulation conditions inside and outside the industry are expected to be relatively relaxed. Powder merchants are temporarily waiting for the news of real demand. At present, the positive news is still limited and the enthusiasm for spot trading is not high.

Prices of tungsten products on November 18, 2022

Picture of tungsten plate 

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