China’s Tungsten Powder Price Keeps Firm on Increased Guide Prices for Early June

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten powder prices in the Chinese market keep firm on June 7, 2023 affected by the strong rised mentality of raw material manufacturers as well as the slight increase of new guide prices from listed tungsten companies, despite the demand side remains sluggish. 

In the tungsten concentrate market, merchants' offers are tentatively above $18,769.2/ton, and it is difficult to conclude high-level transactions. Manufacturers are still not willing to sell goods at low prices, the overall market circulation resources are tight, trade negotiations continue to seesaw, and the transaction market is stalemate.

In the APT market, merchants are concerned about the pressure of price inversion, and the offer intention is adjusted to $318.1/mtu. However, the price of actual order transactions still refers to the long-term contract prices of large tungsten enterprises. The market view is generally cautious, and the sales of smelters are not as good as expected. 

In the tungsten powder market, the spot price is consolidating at around $42.5/kg. The supply and demand sides of the market continue to be under pressure when the unstable factors in the financial market affect the purchasing enthusiasm of buyers and the demand for alloys lags behind. The short-term stalemate and consolidation market is expected to continue.

Prices of tungsten products on June 8, 2023

Picture of tungsten powder

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