China’s Tungsten Powder Price Stabilizes with the Impact of Repeated Epidemic

Details: Category: Tungsten's News; Published on Friday, 02 December 2022 17:47

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are stable temporally as the the severe situation of the current epidemic continues to impact the demand market and the economic recovery process.

In November, the PMI of China's manufacturing industry dropped to 48%, reflecting the pressure of market production and operation activities in that month. Under this general environment, the overall demand of the tungsten products industry is also relatively sluggish, which affects the market trend. At present, the main support points of the tungsten market lie in the firmness of the cost side and the relative scarcity of mineral resources. The holders are cautious to stabilize the market. In December, market participants will wait and see the release of the actual stocking demand at the end of the year, and the new round of guide prices from institutions and large enterprises.

According to Shanghai Securities News, photovoltaic tungsten wire products have relatively high industrial chain requirements and technical barriers. At present, there are not many domestic enterprises with relevant production capacity. The market demand prospect is broad and the profit margin is obvious. It is expected that in 2023, with the expansion of the large-size silicon wafer market and the further maturity of photovoltaic tungsten wire technology, sales will expand rapidly. The agency pointed out that under the background of the continued high price of silicon materials, the penetration rate of photovoltaic tungsten wire is rapidly increasing, and it is expected that the compound growth rate of the industry from 2022 to 2025 is expected to exceed 100%.

In this context, Chinatungsten Online believes that Xiamen Tungsten and China Tungsten and Hightech Materials, which already have mature technology accumulation, huge capital investment, and production capacity that is about to reach production capacity, will likely gain most of the market share in the future.

Prices of tungsten products on December 2, 2022

tungsten powder price photo