China Tungsten Price Was in the Upward Trend on Firm Raw Material Market

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the week ended on Friday, August 11, 2023 with the support of the raw material market as well as the increase in new guide prices for the first half of this month. 

The trading of the tungsten market is still deadlocked, the demand for alloys continues to be negative, and buyers are not active in stocking up. The tungsten industry chain as a whole continues to be in a stalemate, and the market is in a dilemma.

The tungsten concentrate price hovered around $17,647.1/ton with fewer feedbacks of spot transactions. But sellers are not willing to reduce their offers and the whole market price is stable. 

APT price was tried to increase to 299.1/mtu with rare deals concluded. smelters are cautious to avoid the rise of price inversion and downstream buyers remain rigid demand. 

For the tungsten powder market, the price stabilized at around $39.9/kg and manufacturers tried to keep their offers firm. The whole trading activity kept low.

Prices of tungsten products on August 14, 2023

Picture of tungsten powder 

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

• < Prev
• Next >