China’s APT and Tungsten Powder Markets Continue to Stabilize in early 2023

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten carbide powder and tungsten bar prices are unchanged from the previous trading day with the impact of the anxiety of COVID-19. Most market participants keep cautious, waiting for the new guide prices from listed tungsten companies. 

Before the Spring Festival, the overall production, purchase and sales of the tungsten market were reduced, the supply and demand of the basic aspects were sorted out, and the multiple problems such as macro energy shortage, epidemic spread, and economic stagflation had not been effectively addressed. Therefore, tungsten concentrate, APT and tungsten powder markets continue to be in stalemate.  

On the macro level, the Yellow Book of the World Economy: Analysis and Forecast of the World Economic Situation in 2023, jointly released by the Institute of World Economy and Politics of the Chinese Academy of Social Sciences and the Social Sciences Literature Publishing House, believes that the world economic growth rate will remain around 3% in the next three to five years, and the dual speed growth pattern of developed and developing economies will continue, And the trend of economic growth differentiation between different countries and regions is still significant. The Yellow Book pointed out that at present, various short-term and long-term factors in the operation of the world economy are intertwined and overlapping, while short-term factors with uncertainties are emerging, some deep-seated contradictions and structural problems are also increasingly prominent, and the adverse factors facing global economic growth are increasing. The world economy will remain in the downward channel.

Prices of tungsten products on January 6, 2022

Picture of tungsten trioxide 

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