China’s Tungsten Powder Price Continues to Be Weak on Low Trading Activity
- Details
- Category: Tungsten's News
- Published on Friday, 31 March 2023 17:31
Analysis of latest tungsten market from Chinatungsten Online
The ferro tungsten and ammonium paratungstate (APT) prices are unchanged from the previous trading day on March 30, 2023 affected by the low trading activity in the market.
Mining enterprises thought the short-term market price will be stable and are not willing to sell their products at low prices; intermediate smelters are taking a watchful stance, trying to avoid the risk of price inversion; The consumption progress of downstream alloy and other tungsten products is still slow, and the external basis for the recovery of market demand is relatively weak.
China’s tungsten concentrate market stabilizes, high-grade concentrate offers stand at about $18,000.00/ton despite downstream buyers do not accept the price. Market transactions are mainly depending on actual needs.
The APT market is caught in wait-and-see atmosphere with $304.2/mtu export prices. The weakness in the demand side continues while raw material sellers also are not active in trading.
Tungsten powder price is adjusted according to the change in raw material markets, and now hovers around $41.2/kg. The whole market remains to be quiet.
Prices of tungsten products on March 31, 2023
Picture of price chart of tungsten prices in the first quarter 2023
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