China’s Xiamen Tungsten Declined APT Bid Price for the First half of August 2023

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ferro tungsten prices in the Chinese market continue to keep stable affected by the deadlocked market on August 2, 2023. 

From a fundamental point of view, the spot market presents a weak supply and demand situation, and the market is difficult to fluctuate; from a macro point of view, there is a game between weak reality and strong expectations, and traders have different emotions. In the short term, market participants will mainly wait and see the economic recovery and consumption in the market. 

China’s Xiamen Tungsten quoted APT bid price at 292.5/mtu for the first half of August 2023, down $0.83/mtu compared with the second half of July 2023. The decline reflects that although there is no obvious incentive trend in the current market, the bottoming sentiment is revealed.

Prices of tungsten products on August 3, 2023

Picture of tungsten trioxide 

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