China Tungsten Price Stabilized After a Steady Increase in Early December 2022

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintained stability in the week ended on Friday December 23, 2022 after a steady increase early in this month. The last long-term contract prices were raised, which shored up market confidence, despite market trading was not active as expected. 

In the tungsten concentrate market, miners still intend to explore higher prices at the position of $16,911.8/ton, unfortunately, there is no market for the price. The release of demand at the end of the year is limited, but based on the cost and imported inflation pressure, mine capital problem and the release of production capacity are relatively controllable, insiders are relative positive. 

In the APT market, smelters’ quotations stood at around $290.8/mtu driven by the cost side. The follow-up of the transaction was relatively slow as the cautious bargaining atmosphere on the demand side and the challenges of factors such as the epidemic, geography, and inflation on the macro level have restrained buyers' enthusiasm for consumption.

In the tungsten powder market, merchants’ offers reached to $39.0/kg. Affected by the holiday atmosphere and the peak of the epidemic infection trend, the overall demand for cemented carbide and its back-end products has progressed slowly recently. The enthusiasm of production enterprises to start work is relatively average, and the market has a strong wait-and-see atmosphere.

Prices of tungsten products on December 26, 2022

China tungsten price photo

Picture of tungsten acid 

tungsten acid photo

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