China’s Tungsten Powder Price Increased in January 2023

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices continue to keep firm in the last trading day in January 2023 as raw material manufacturers are active in trading despite smelters and downstream end users passively accept the high price. 

The participants had not yet fully returned to the market before the Lantern Festival, and the market transactions had not yet been concentrated. Therefore, the industry is still in a state of having price but no sales. 

As the operating rate of the mine is still recovering, the market circulation resources are limited, the price of high-grade tungsten concentrate is tested to $18,461.5/ton; APT price is tested to $316.4/mtu but due to high cost, the demand is not sure to be sustainable; tungsten powder price is adjusted to $42.3/kg and end users are purchasing based on their actual needs affected by the reduction of pessimism about the epidemic situation. But the pressure of international uncertainty remains, the release of demand for cemented carbide is not yet fully clear.

Prices of tungsten products on February 1, 2023

Picture of the price trend of tungsten products in January 

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