China’s Tungsten Powder Prices Stalemate on Weak Demand

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten carbide powder prices remain stable at the beginning of the week because the market is still in a stalemate, plus with the impact of the weak recovery of the global economic momentum, the whole market trading is weak. 

At present, tungsten concentrate offers hover around $18,769.2/ton; ammonium paratungstate (APT) prices are about $314.6/mtu and tungsten powder prices stalemate at $42.6/kg. There are rarely deals concluded in the market. 

On the macro level, according to data from the China Federation of Logistics and Purchasing, the global manufacturing PMI in April 2023 was 48.6%, a decrease of 0.5 percentage points from the previous month, consistent with the December 2022 index level. In terms of sub-regions, the Asian manufacturing PMI fell from the previous month, and the index was still above 50%; the African manufacturing PMI rose from the previous month, returning to above 50%; the European manufacturing PMI and the American manufacturing PMI dropped one month from the previous month liters, all below 50%.

Prices of tungsten products on May 16, 2023

Picture of tungsten powder 

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