Chian Tungsten Price Remains Stable in the Second Half of November 2022

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price maintains stability becasue the market keeps quiet. Primary products stick to the bottom line of cost, and the intention to stabilize the market has increased in the near future; 

cemented carbide and its downstream consumer companies receive limited new orders, and are not very enthusiastic about raw material consumption. The sever epidemic in China’s various cities are bringing obvious circulation pressure to the tungsten market.

The price of tungsten concentrate is stalemate at around $4/ton. It is difficult to see transactions at high offers, and the intention to sell goods at low prices is not high. The price of APT is consolidating at about $275.8/mtu. With the increase of stable sentimetn at the raw material end, the smelters' intention to stabilize the market also increases. The market bargaining and negotiation are cautious, and traders are waiting and seeing the long-term contract prices of large tungsten enterprises. The price of tungsten powder is stalemate around $37.1/kg. The demand pressure in the tungsten powder market demand pressure remains, traders are less active in buying and selling, and the market price is unlikely to fluctuate.

Prices of tungsten products on November 22, 2022

Picture of tungsten ore 

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