China’s Tungsten Bar Price Continues to Stabilize on Quiet Market

Analysis of latest tungsten market from Chinatungsten Online

The prices of tungsten carbide powder, ferro tungsten and tungsten bar prices are unchanged from the previous trading day as the market continues its deadlocked situation. 

In the tungsten concentrate market, the fundamentals of supply and demand are weak. Merchants prefer to stabilizing the market and make offers at about $17,647.1/ton. 

In the APT market, traders maintain rigid demand for purchases, and participants take a watchful stance under the deadlocked supply and demand. The whole trading activity is low and market price hovers around $297.4/mtu. 

In the tungsten powder market, the purchase of back-end alloys has not yet seen a clear benefit, the market order is unclear, and the merchants tend to stabilize the market. The mainstream offers are weak at about $40.0/kg. 

In the ferro tungsten market, the atmosphere at the raw material end and the state of the consumer end are somewhat weak, plug with demand recovery and external economic environment failing to meet market expectation, the recent market transactions are generally under pressure.

Prices of tungsten products on July 14, 2023

Picture of tungsten trioxide 

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