China’s APT and Tungsten Powder Prices Keep Stable at the End of May 2023

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten powder prices are unchanged from the previous trading day on May 30, 2023 because most market participants are taking a watchful stance, waiting for the further instruction for the next month. 

On the supply side, the holders are cautious in taking goods, and are not willing to sell at a low price; on the demand side, buyers receive few goods, and the order performance is weak; on the macro level, the global financial market turmoil suppresses the initiative to participate in the market, and the overall cautious wait-and-see atmosphere in the market continues.

In the tungsten concentrate market, the continuous consumption of non-renewable resources and the reduction of mining grades have gradually tightened the long-term supply expectations of the tungsten market. At present, miners are also reluctant to sell goods at low prices, and are competing with the pressured bargaining sentiment of downstream end users. The short-term offer of tungsten concentrate is deadlocked at around $18,615.4/ton. The resistance to high-price transactions is obvious, but it provides positive support for the stability of tungsten products in the entire industrial chain.

In the APT market, affected by the game mentality of the upstream and downstream of the industrial chain, few deals were concluded in the market, and the market price remained at about $314.6/mtu. External economic pressures had a negative impact on market demand and capital, and smelters were not confident in trading. There is a certain pressure, but under the support of cost, manufacturers are cautious to avoid the risk of price inversion, and they mainly intend to stabilize the market in the short term.

In the tungsten powder market, photovoltaic new energy and other fields have brought new application potentials to the consumption of tungsten materials. However, under the pressure of the global economic recession, the performance of internal and external demand in the market is under pressure, which affects the overall supply and demand pattern of the tungsten market. The price of tungsten powder is stalemate at $42.3/kg in the short term. 

Prices of tungsten products on May 31, 2023

Picture of tungsten sheet 

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