China Tungsten Price Remained Stable on Weak Market in the Middle of March

Details: Category: Tungsten's News; Published on Tuesday, 14 March 2023 18:57

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remained stable when the market continues to be in a stalemate.

The news side is mainly focusing on whether the relevant APT enterprise maintenance and production reduction event spread to the entire industry, as well as a series of risks that might be caused by the "Black Swan Event" Silicon Valley bank bankruptcy.

China’s Jiangxi province's Implementation Plan for the Special Action to Deeply Regulate the Protection, Development and Utilization of Mineral Resources proposed to focus on the regulation of the development and utilization of mineral resources, especially tungsten, rare earth, lithium and other protective and strategic mineral resources, in order to effectively curb relevant illegal mining activities. As the main concentration of tungsten resources in the world, scientific management and control of tungsten mineral resources development will be conducive to the sustainable development of the industry and the establishment of the bottom of the market.

At present, tungsten concentrate is mainly stabilizing at about $18,307.7/ton, APT price hovers around $309.4/mtu and tungsten powder price stands at about $42.3/kg. The whole market trading is weak.

Prices of tungsten products on March 14, 2023

China tungsten price image