China Tungsten Price Was in the Upward Trend in April 2023

Analysis of latest tungsten market from Chinatungsten Online

In April 2023, China tungsten price stabilized in the first half of this month and then rose in the second half of this month. 

In the first half of April, the market was inertially pressured and stalemate. The lack of market demand momentum continued to suppress buyers' sentiment to accept goods; In the second half of the month, with the impact of environmental protection in the main production areas and the periodic stocking of downstream, the activity of the tungsten industry chain has been boosted. In particular, the sentiment of reluctance to sell tungsten raw materials has increased, and the quotations of large tungsten enterprises for long-term orders have increased, which has driven the market price to increase. 

For post-holiday market expectations, the mentality of industry players is still divided, because the overall support of the demand side is limited, and the fear of economic recession caused by overseas geopolitical risks and monetary tightening pressure continues to shock the financial and metal markets. The short-term tightening of the supply side has limited sustainability in supporting the market, and the industry is waiting and seeing the consumption situation in the market outlook.

Prices of tungsten products on May 4, 2023

Picture of tungsten trioxide 

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