China Tungsten Market Was Mixed in February 2023

Analysis of latest tungsten market from Chinatungsten Online

In February 2023, China tungsten market generally showed a trend of rising first, then falling, and then maintaining stability, and the volatility of the market was relatively narrow.

In the first half of February, the tungsten market continued its upward trend in January. The increase in new guide prices from institutions and several large tungsten enterprises gave the market some support; The atmosphere of domestic trading and bargaining is getting stronger, and the price of tungsten products in the middle of the month has been adjusted from a staged high.

However, driven by the favorable domestic policy of stabilizing the economy and promotion fees, the tungsten raw material side is still firm in supporting the market, and the strong atmosphere of the cost side is transmitted. There is not much room for price corrections of intermediate smelting products and downstream tungsten products. In the second half of last month, the price of tungsten was mainly arranged sideways, and the spot transactions were still on-demand, and the market had a strong wait-and-see attitude.

In March, the market will mainly focus on the news of the two sessions. The tightening of mine production management and control has tightened the supply of raw materials to a certain extent, helping the holders to survive the market, but the status of the transaction implementation remains to be seen. Although incentives in industries such as infrastructure, real estate, and automobiles are expected to boost the consumption of related tungsten products, the operating environment of the industry still faces challenges during the market recovery cycle, overseas risk factors also continue to exist, and market stability needs to be improved.

Prices of tungsten products on March 2, 2023

Picture of tungsten acid 

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