China’s 65% Black Tungsten Concentrate Price Is Stable on Quiet Market

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten carbide powder prices stabilize at the time being affected by the low buying appetite of market participants. In the short term, the attitude of raw material manufacturers as well as the actual demand are the key factors for the outlook market. 

In the tungsten concentrate market, the spot transaction is deadlocked. It is difficult for high offers to be accepted by customers, and merchants do not accept downstream inquiries at low prices. The market is in a stalemate and 65% black tungsten concentrate price hover around $17,794.1/ton. 

In the APT market, affected by the cost side, the supply of spot resources is relatively tight. Due to the influence of prudent and rigid demand procurement of downstream, the market circulation is not active, and the overall trading is arranged according to demand. Now the market price is consolidating at around $300.8/mtu. 

In the tungsten powder market, the state of the downstream cemented carbide end continued to be sluggish, and there are few new orders. The raw material powder market is affected by the sluggish atmosphere, and the transaction in the market is not active. The purchase and sale negotiations generally remain cautious, and the price of tungsten powder stands at about $40.4/kg.  

Prices of tungsten products on June 29, 2023

Picture of tungsten acid 

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