Analysis of latest tungsten market from Chinatungsten Online

 

China tungsten price remained weak adjustment in the week ended on Friday March 24, 2023 due to deadlocked supply and demand in the whole industry chain. 

 

The offer of high-grade tungsten concentrate is stalemate at around $18,000.0/ton, and the market sentiment for profit-making shipments is limited. The enthusiasm of intermediate traders and downstream customers to actively resolve doubts is not high, the overall demand feedback is not good, and high-level transactions are difficult to be concluded. 

 

The APT price mainly refers to the long-term contract prices of several large tungsten enterprises around $304.2/mtu-306.0/mtu with rare deals concluded. 

 

The price of tungsten powder is stalemate at around $41.4/kg, and the actual transaction price is under pressure. Affected by the relatively sluggish atmosphere in the cemented carbide market, the price of tungsten carbide powder is weak at about $40.8/kg, and external risks increase market concerns.

 

On the macro front, the Federal Reserve continued to raise interest rates and shrink its balance sheet, despite the shocks in the global financial market caused by the Silicon Valley Bank incident, and the risk of spillover continued. The Federal Reserve has lowered its economic growth forecast for 2023 and 2024, and related liquidity pressures in various industries, including the tungsten industry, continue.

 

Prices of tungsten products on March 27, 2023

Picture of tungsten trioxide 

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