China Tungsten Price Is in the Upward Trend at the End of April 2023

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price is in the upward trend at the end of April 2023 affected by the rised mentality of raw material suppliers, although the trading activity in the market remains low. 

In the tungsten concentrate market, recently, the holders have implemented the supply-side control of the resources and costs of the industrial chain. Sellers are reluctant to sell to support the market. The offers for high-grade resources have touched $18,461.5/ton. Downstream consumption is not active, and the short-term market shows a trend of stabilization. 

In the APT market, the support from the cost side to the price of tungsten smelting products is getting stronger, but limited by the relatively weak demand. The overall transaction atmosphere in the market is stalemate, and it is still difficult for the price to break through $312.9/mtu. Before the holiday of May Day, most participants will take a watchful stance. 

In the tungsten powder market, all links in the industrial chain are facing different degrees of cost and demand pressures. The recent rise in the price of smelting raw materials has boosted the sentiment of merchants. Some offers are tentatively at $42.0/kg. However, affected by the sluggish recovery of overseas economies, the tungsten consumption market has not yet fully recovered, so buyers are not active in accepting goods, and market transactions are still deadlocked.

Prices of tungsten products on April 27, 2023

Picture of tungsten powder 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >