Tungsten Powder Price Stabilizes with the Approaching of the Chinese Spring Festival Holiday

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten bar prices in the Chinese market continue to be stable when the market trading is low with the approaching of the Chinese Spring Festival holiday. 

In the tungsten concentrate market, more and more mining and smelting enterprises stop production for equipment maintenance or having a holiday, and thus market circulation has been slow. Considering that after the peak of the epidemic has passed, demand recovery and favorable policy effects will superimpose, and the vitality of the market economy is expected to be further released, which will drive the recovery of the tungsten products industry and restore the optimistic sentiment of trader. Therefore, the price of raw material keeps firm at about $17,205.9/ton. 

In the APT market, the upstream market was strong, and the price of smelting products was adjusted to $295.8/mtu. However, before the Spring Festival, the situation of having prices but no sales became increasingly prominent, and spot transactions fell. Due to the optimistic prospects for the recovery of the domestic consumer market and the relatively weak momentum of global trade, traders still have differences in confidence in the market outlook, and the release of on-site trading is expected to continue to be cautious.

In the tungsten powder market, due to the pressure of high raw material costs and the atmosphere of the Spring Festival holiday, the market trading atmosphere is gradually low, but the powder price remains firm. It is worth noting that when the follow-up on the consumer side is relatively lagging behind, and buyers are afraid of high prices, there may be delays in entering the market after the festival, and market trading is expected to be cautious.

Prices of tungsten products on January 13, 2023

Picture of tungsten heater 

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