China Tungsten Price Remains in a Stalemate in Late June 2023

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains in a stalemate due to the sluggish market. Affected by the hot and rainy weather across the country, the weak supply and demand in the market will become more prominent. 

In the tungsten concentrate market, the prudent supply of the holders supports the short-term stability of the market, and the demand in the terminal field continues to be negative. Affected by the atmosphere of back-end bargaining, the overall circulation of tungsten concentrate resources is under pressure, and the high-grade market is stalemate at around $17,794.1/ton with rare deals concluded. 

In the APT market, under the situation of high cost and weak demand, the market is in a stalemate in the short term. With the settlement of long-term contract prices, smelters cautiously wait and see the game between the upstream and downstream of the industrial chain. There is no obvious progress in spot trade and APT price stabilizes at about $300.8/mtu. 

In the tungsten powder market, merchants mainly take a watchful stance, following the upstream’s downward trend. The inventory consumption in the downstream cemented carbide field is still unclear, and traders are still negotiating. It is difficult to make progress in market trading, and the market price is stalemate at around $40.4/kg.

Prices of tungsten products on June 27, 2023

Picture of tungsten powder

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