China Tungsten Price Remains Stable in the Second half of July 2023

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable as the market continues to be deadlocked with rare deals concluded. 

The tungsten concentrate price hovers around $17,352.9/ton when most manufacturers tend to hold their stocks to stabilize the market. Smelters remain low buying appetite and the whole trading activity is low. 

In the APT market, market price stands at about $294.1/mtu and smelting factories face great pressure of price inversion and thus are cautious in trading; for the tungsten powder, mainstream offers are about $39.7/kg with hwavy wait-and-see atmosphere in the market. 

On the macro level, the National Development and Reform Commission stated that it has conducted in-depth research on the current and medium- and long-term factors restricting consumption with relevant parties in the early stage, and formed a policy document on restoring and expanding consumption and a package of policy measures to promote the consumption of automobiles and electronic products. Among them, the policy documents on restoring and expanding consumption are comprehensive and will be officially issued in the near future. In the second half of the year, efforts will be made to satisfy residents' consumption needs for quality improvement and upgrade, and further release the consumption potential of the market by breaking down potential institutional barriers, clearing up blockages and pain points, and gathering market forces.

Prices of tungsten products on July 25, 2023

Picture of tungsten bucking bar 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >