China Tungsten Price Continued to Maintain Stable in Early June 2023

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price continued to maintain stable with mixed market attitudes and different expectations for the adjustment direction of supply and demand in the future. 

At present, the price of tungsten products remains relatively firm along with the mining end, but the market transaction status remains sluggish. At the beginning of the June, there is a strong wait-and-see atmosphere, waiting for the guidance from institutions and large enterprises. 

In the tungsten concentrate market, the supply of resources on the site is relatively tight. Due to the decline in the grade of mine resources, the increase in mining costs such as environmental protection, and the strong intention of the holders to sell and hope for growth, the current price of 65% black tungsten concentrate remains at $18,769.2/ton. While the receiving status of downstream terminals is still limited. The market demand is not unclear, and the circulation of resources is not smooth.

In the APT market, the mentality of the upstream and downstream of the industrial chain is significantly different, the cost pressure restricts the release of some resources, and the demand resistance affects the delay of some purchases. The traders are not in a good mood to take the initiative to accept the goods, but there are very few external inquiries for rigid demand, and the market transaction is light.

In the tungsten powder market, the contradiction between supply and demand has intensified, and the overall trading situation is average. The market has passively followed up and then stabilized at around $42.5/kg. The market purchasing atmosphere is insufficient, the continuous upward movement is relatively weak, and the cautious wait-and-see sentiment has increased.

Prices of tungsten products on June 6, 2023

Picture of tungsten acid 

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