China Tungsten Price Remains Stable on Quiet Market

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable as the upstream and downstream in the industry chain continue to be in a stalemate and market participants mainly take a watchful stance, waiting for a new round of price guidance from listed tungsten enterprises. 

The price of tungsten concentrate remains at about 17,500.00/ton and holders keep strong offers due to the maintenance of the value of strategic resources, the support of the cost side, and the expectation of the adjustment of the supply and demand pattern in the future market. At present, due to the constraints of the demand side, the transaction volume is still difficult to release.

The price of APT is consolidating around $295.8/mtu with continued weak demand in the market. Affected by the atmosphere at the raw material end, smelters are not willing to make profit-making trades, and the inventory plan is also cautious. In the short term, the market is expected to stabilize and seek opportunities to build a bottom.

The price of tungsten powder is stalemate at about $39.7/kg. Merchants are still worried about the consumption of alloys. In addition, the pressure on the cost side is cautious, the new orders in the market are limited, and the operating rate is not high, so the market is temporarily stable.

Prices of tungsten products on August 8, 2023

Picture of tungsten acid 

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