China Tungsten Price Keeps Stable as the Market Is still in a Stalemate

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price keeps stable as the market is still in a stalemate. Traders are not clear about the market outlook and thus are not active in trading. 

In the tungsten concentrate market, offers stand at about $17,941.2/ton. Manufactures are not willing to sell their products at low prices but it is also difficult to conclude deals at high prices. Some traders start to consider profit-taking, which affects the whole market confidence to some extent. 

In the APT market, smelting factories make offers at about $302.4/mtu with low trading activity. Most traders take a watchful stance, paying more attention to the supply and demand sides.

In the tungsten powder market, powder prices hovers around $40.6/kg. With the impact of external environment risks as well as weak tungsten carbide demand, few new increased orders were concluded.

Prices of tungsten products on June 20, 2023

Picture of tungsten trioxide 

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