China’s Tungsten Carbide Powder Price Stabilizes in Late April 2023

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market stabilize on April 20, 2023 when most market participants are waiting for the release of new guide prices from listed tungsten companies. 

The industry expects the long-term contract prices stable or upward slightly, which is expected to stimulate the tungsten market to rebound in stages, despite the feedback from the consumer market is not positive. The industry is worried that after the cost rise and the momentum of replenishment decrease, the weak market demand will impact again, and the sustainability of the price rebound cycle of tungsten products remains to be seen.

In terms of news, the Wa State of Myanmar intends to stop all exploration, mining, processing and other operations in mines after August 1. This news once hit the price of tin soaring recently. Myanmar is a major supplier of tin mines to China and the world. In fact, the realization of Myanmar's production suspension measures will also have a certain impact on the global tungsten supply pattern. Tin deposits are generally produced in the form of co-associated minerals, often accompanied by metals such as tungsten, molybdenum, and tantalum, especially the tungsten-tin ore belt in Myanmar is rich in resources.

Prices of tungsten products on April 21, 2023

Picture of tungsten acid

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