China Tungsten Price Edged Higher at the End of November 2022

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price edged higher in the week ended on Friday November 25, 2022 affected by the increase in new guide prices for the second half of this month as well as relative active trading.

However, traders are still cautious about the future demand. The uncertainty of the epidemic situation and the pressure of global inflation and economic recession affect the enthusiasm of the consumer market and the sustainability of the upward trend of the market. The short-term purchasing plans will be conducted on rigid demand and spot transactions will be limited.

High-grade tungsten concentrate prices stood at about $16,176.5/ton with cautious trading sentient of buyers’ APT offers were 277.5/mtu and transactions were limited; tungsten powder prices stabilized at about $37.4/kg and the situation in main cemented carbide production areas has improved slightly; The supply of tungsten scrap is still limited by the pressure of the epidemic, the market circulation resources are reduced, and the market trend is generally upward.

Prices of tungsten products on November 28, 2022

Picture of tungsten acid 

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