China’s Tungsten Powder Price Keeps Firm Due to the Increase of Guide Prices

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices keep firm on February 8, 2023 as the increase of new guide prices for this month shored up market confidence. 

The tungsten raw material manufacturers are reluctant to sell their products, but some of them are considering to sell at high prices. Intermediate smelters and cemented carbide companies have followed up the cost side. However, high-level transactions on the market are slightly cautious. The overall domestic economy and consumption are expected to be better, and overseas recession risks still.

The high price of tungsten concentrate is stable above $18,769.2/ton, and the holders are reluctant to sell to support the market; the APT price is adjusted to $321.6/mtu. The high cost and the increase in long-term contract prices will boost the market, but the transaction needs to be followed up; the price of tungsten powder is testing to $43.1/kg, and the merchants are mainly in the mood to follow up, the hard alloy end is mainly consumed. In the short term, market cost drivers are dominant, and demand potential is yet to be released.

Prices of tungsten products on February 9, 2023

Picture of tungsten trioxide

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