China’s Ferro Tungsten Price Keeps Unchanged on Deadlocked Market

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market are unchanged from the previous trading day as the whole market is in a stalemate. 

Tungsten concentrate price stabilizes at about $18,769.2/ton, featuring having prices but no sales; APT price is about $316.4/mtu and smelters operate cautiously to avoid the risk of price inversion; tungsten powder price hovers around $42.5/kg affected by the external economic pressure and sluggish demand; 70% ferro tungsten price is about $27,076.9/ton with limited orders from steel mills. 

Macroscopically, the growth rate of China's exports dropped significantly in May. According to data from the General Administration of Customs, China's total import and export value in May was 3.45 trillion yuan, a year-on-year increase of 0.5%. Among them, exports were 1.95 trillion yuan, a year-on-year decrease of 0.8%; imports were 1.5 trillion yuan, a year-on-year increase of 2.3%. In terms of US dollars, in May, China's total import and export value was 501.19 billion US dollars, a year-on-year decrease of 6.2%. Among them, exports were US$283.5 billion, down 7.5% year-on-year; imports were US$217.69 billion, down 4.5% year-on-year; the trade surplus was US$65.81 billion, down 16.1%.

Prices of tungsten products on June 9, 2023

Picture of tungsten trioxide 

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