China’s Jiangxi Tungsten Declined Black Tungsten Concentrate Price for Late May 2023

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day because the market continues to be quiet. 

On the supply side, stable shipments by merchants, environmental protection factors and the active sentiment of the holders are supporting the market; on the demand side, the downstream terminal purchases are insufficient, the production load of enterprises is not high, and market consumption is tepid; on the macro level, there are many unstable factors in overseas markets, and the global risk appetite is not high. The industry is worried that the recession of the global economy will hinder the recovery of the domestic economy and demand.

China’s Jiangxi Tungsten quoted high-grade black tungsten concentrate at 18,538.5/ton, down $153.8/ton compared with the first half of May 2023. 

Prices of tungsten products on May 24, 2023

Picture of tungsten acid 

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