China Tungsten Price Declines Slightly in the Middle of February on Quiet Market Demand

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price declines slightly on February 15, 2023 because the activity of the demand market is slightly calmer than the rising trend of the raw material market. 

With the increase of the tungsten raw material side's profit-taking mentality, buyers generally enter the market with bargaining. As a result, market trading prices tended to decline. However, after the optimization of domestic prevention and control measures, the recovery of the consumer market and the economic situation is expected to be good. Under this background, the intention of the holders to support the market is still there, and the room for tungsten price adjustment is limited.

In the tungsten concentrate market, the price of high-grade tungsten ore has been adjusted to about $18,615.4/ton. The actual intention of the market to give up profits is limited, and some still hold high offers.

In the APT market, smelters’ external quotations were adjusted at around $316.4/mtu. Based on the relatively strong support of raw material costs, the market bargaining space is limited, and the transaction situation is mostly arranged according to actual needs.

In the tungsten powder market, the bargaining focus of merchants has been lowered to $42.6/kg. Due to the overall cautious demand atmosphere, traders are mainly trading and negotiating, and wait and see the actual data of the alloy end.

Prices of tungsten products on February 16, 2023

Picture of tungsten needles 

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