China Tungsten Price Keeps its Strong Trend Ended on December 30, 2022

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continued to maintain a strong trend in December 2022 mainly because the strong rised mentality of mining enterprises pushed up the overall cost of the industry, while the consumer end was not very enthusiastic about entering the market due to the impact of complex external environmental pressures as well as the festival atmosphere.

The recent epidemic of COVID-19 infection in China has aroused great concern of the industry. Although the foreseeable economic recovery will support the return of industrial consumption to stability, the short-term production and operation activities of enterprises and the national logistics and transportation network have suffered significant interference, and the market supply and demand have been weak. In the short term, the tungsten market is expected to stabilize. 

On the macro level, CCPIT data showed that the global trade friction index in September was 183, up 21 points month on month and 108 points year on year; In October, the global trade friction index was 253, up 70 points month on month and 203 points year on year, the second highest in 2022. The index covers 20 countries in the world, and the United States, the European Union, India and Brazil are the main countries that cause global economic and trade frictions and conflicts.

Prices of tungsten products on January 3, 2022

Picture of tungsten needles 

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