China’s Ferro Tungsten Price Stabilizes at the End of July 27, 2023

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market remain stable on July 27, 2023 when the whole industry is in a stalemate. 

The price of tungsten raw materials is mainly uplifting, and the consumption of alloys from end users is limited, intermediate smelters cut production due to sluggish rigid demand, and the market continues to stalemate. In the near future, traders will wait and see the possible impact of Typhoon Dusurui on the supply of raw materials, as well as the performance of a new round of long-term contract prices from large companies in August. 

The tungsten concentrate market maintains stability with less outflow of low-level resources. Merchants generally maintain a supportive attitude, and the downstream has different attitudes to purchase. Now the spot market has not made any progress. The transactions in the APT market are released sporadically, and the smelters traded and negotiated cautiously. The market generally revolved around the long-term contract prices of large companies. In the tungsten powder market, the orders for alloys are relatively insufficient, the market sales are not active. 

In terms of news, the China Meteorological Administration predicts that there will be four high-temperature processes across the country in August. The number of high-temperature days in southern Jiangsu, southern Anhui, Shanghai, Zhejiang, northern Fujian, most of central China, and Xinjiang is higher than normal in the same period, which may further lead to increased electrical load.

Prices of tungsten products on July 28, 2023

Picture of tungsten trioxide 

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