China’s Tungsten Powder Price Edges Higher with the Support of the Raw Material Side

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices edge higher on April 19, 2023 with the support from the raw material side. 

The spot supply is slightly tight mainly due to the reduction of orders that concluded at low prices. The demand side is still supported by the rigid demand, and the overall purchase and sales initiative is limited. However, under the support of the increase of long-term contract prices from listed tungsten company, the market sentiment has recovered to a certain extent, and the short-term price of tungsten products is stable and rising slightly. The actual order transaction needs to be followed up.

On the macro level, in the first quarter, with the rapid and stable transition of the epidemic prevention and control, the national economy stabilized and recovered, and the start was good; however, the international environment is still complex and changeable, the constraints of insufficient domestic demand are obvious, and the foundation for economic recovery is not yet solid. According to statistics from the Bureau of Statistics, the GDP in the first quarter was 28,499.7 billion yuan, a year-on-year increase of 4.5%; the total retail sales of social consumer goods was 1,1492.2 billion yuan, a year-on-year increase of 5.8%; the national fixed asset investment (excluding rural households) was 10,728.2 billion yuan, a year-on-year increase of 5.1% , which was the same as that of the previous year; the added value of industrial enterprises above designated size increased by 3.0% year-on-year.

Prices of tungsten products on April 20, 2023

Picture of tungsten acid 

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