China Tungsten Price Continues to Be Weak in the Middle of July 2023

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to be weak on July 20, 2023 when the release of resources from mines and smelters is relatively cautious. The overall supply the market is tight, however, the consumption at the alloy end is relatively sluggish. 

Enterprises have increased their inventory reduction operations, which affects the slightly insufficient demand for replenishment of buyers. Most market participants have negative attitudes towards the outlook and the short-term market is expected to be under pressure. 

In the tungsten concentrate market, the spot price is not high enough, the liquidity of market resources is poor, and the offer is deadlocked at around $17,500.00/ton. There are many intentions to support the market at the mining end, but it is still affected by the demand-side sentiment and actual consumption, and the market has not made any progress yet.

In the APT market, smelting factories face great pressure of price inversion, and the intention for on-line maintenance under high temperature increase. Now the market is stalemate at around $295.8/mtu and most traders wait and see the new guide prices from listed tungsten enterprises. 

In the tungsten powder market, the demand for downstream terminal tungsten products is under pressure, and buyers are not very enthusiastic about stocking up. Powder merchants are cautious about starting work and selling goods, and the offer is deadlocked at around $39.7/kg.

Prices of tungsten products on July 21, 2023

Picture of tungsten powder 

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