China Tungsten Price Is in the Upward Trend on Increased Market Demand

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price is in the upward trend in the middle of December mainly driven by rised mentality of raw material manufacturers, the stock-up expectations at the end of the year, the increase in long-term contract prices from large companies, and the emergence of a new turning point for domestic epidemic prevention and control. 

However, under the pressure of global high inflation and economic downturn, the inventory reduction adjustment of enterprises still affects the enthusiasm of the consumer market. There are many discussions on the floor, and the actual volume of transactions is limited. As the year is approaching, the industry will pay attention to the actual replenishment before the festival.

The tungsten concentrate market maintains a strong upward trend, and the price of high-grade resources is tentatively raised to around $16,617.6/ton with limited deals concluded. As the purchasing sentiment of downstream end users remains cautious according to rigid demand, market transactions are still more negotiable.

The APT market is running steadily, and the cost side pushes the offer of smelters to stalemate at around $285.8/mtu. The recent change in the epidemic prevention and control situation has given the consumer market a recovery signal, but there are still many uncertainties in the adjustment cycle. The release of back-end demand is limited, and there will be some resistance to the continuous upward trend of the market.

The tungsten powder market is mainly on the sidelines, and the atmosphere in the upstream of the industrial chain is warming up, but the downstream consumption attitude is still doubtful. The main feedback is that the new orders in the cemented carbide market are limited, so the overall purchase and sales attitude is more cautious. The short-term price of tungsten powder is consolidating around $38.4/kg.

Prices of tungsten products on December 14, 2022

Picture of tungsten acid 

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