China Tungsten Price Remains Stable with the Approaching of the Labour Day

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable on April 23, 2023 as the whole market keeps quiet with the approaching of the holiday of the Labour Day. 

In the tungsten concentrate market, the environmental protection inspection in the main producing areas gave the market confidence support, and the willingness of the holders to sell goods was low. 65% black tungsten concentrate price hovers around $18,153.8/ton. 

In the APT market, the increase in long-term contract prices of large companies and the increase in raw material costs have driven the market to stabilize the price and look forward to rising sentiment. However, the supply and demand in the market are still in a stalemate.

In the tungsten powder market, merchants follow up their offers, and the local market is testing to $41.8/kg, but the market demand has not been effectively improved. After the back-end stocking cycle, the buyer's mood returns to caution, and they pay close attention to the raw material end offer and alloy end consumption.

Prices of tungsten products on April 24, 2023

Picture of tungsten powder 

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