China’s Xiamen Tungsten Stabilized APT Bid Price for the Second Half of June 2023

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten powder and tungsten carbide powder prices continue to be stable affected by the weak demand as well as the stabilization of new guide prices from listed tungsten companies for the second half of June 2023. 

China’s Xiamen Tungsten quoted APT bid price for the second half of June 2023 at $300.0/mtu, unchanged from the first half of this month. 

In the tungsten concentrate market, there is a strong intention to support the market at the end of the mine because the high temperature and high humidity in the south increase the resistance to the release of market resources, superimposing the impact of global instability and domestic environmental protection costs. The high-grade offers stabilize at $17,941.2/ton with limited deals concluded. 

In the APT market, smelters are facing supply and demand constraints and capital operation pressure. Low raw material resources are difficult to find, demand continues to be sluggish, and the recovery of the external environment is lower than expected. Manufacturers have obvious worries and risk aversion operations, and stabilize their APT offers at around $302.4/mtu. 

In the tungsten powder market, there is a strong sentiment of stabilizing prices at the raw material end, but the lack of support in the consumer market such as cemented carbide makes the market trading quiet. The market price will keep at about $40.6/kg in the short term.

Prices of tungsten products on June 21, 2023

Picture of tungsten plate 

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