China Tungsten Price Is Strong in Early February on Active Market

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to be stable at the beginning of the week. Last week, cemented carbide companies successively issued notices on product price increases because the price of raw materials continued to rise and the cost of production was pushed up. 

The price increase has activated the bullish atmosphere in the market to a certain extent, and the intention of reluctance to sell and increase the price is still common in the market. This week, the festive atmosphere in the market will gradually quiet, and the actual trading participation will be reported accordingly. The industry will pay attention to the new round of price guidance from institutions and large enterprises, as well as the implementation of actual demand momentum.

At present, tungsten concentrate price increases to $18,461.5/ton with strong rised mentality in the market; APT price edges up to $318.1/mtu with the support of strong raw material market; tungsten powder price hovers around $42.6/kg supported by high cost and active market.

Prices of tungsten products on February 7, 2023

Picture of tungsten rods 

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