China’s Tungsten Powder Price Keeps Firm in the First Half of May 2023

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices keep firm and stable on May 9, 2023 affected by low trading activity of market participants as well as the delay of stocking up of purchasers. 

In the tungsten concentrate market, the offer of high-grade resources is firm at about $18,769.2/ton with cautious trading sentiment. The recent rainy weather in the south has restrained the supply of mines to a certain extent. However, after the environmental protection of the main production areas, the overall supply tightening expectation in the market has weakened, and the profit margin has increased to a certain extent.

In the APT market, the mainstream offer is stalemate at around $316.4/mtu, which mainly refers to the long-term contract prices of several domestic representative tungsten enterprises. Traders have different attitudes towards the market outlook, mainly due to the continuous game between the strong cost side and the weak consumption side. The whole market trading activity is not high, and the short-term market will wait and see the fundamental trend.

In the tungsten powder market, merchants’ external offers remain at about $42.8/kg, and actual negotiations and transactions are limited. As the consumption of alloys is still tepid, most trades take a watchful stance.

Prices of tungsten products on May 10, 2023

Picture of tungsten acid 

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