China Tungsten Price Stabilizes in the Middle of August 2023

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price stabilizes because the market keeps unchanged compared from last week. Now market participants mainly take a watchful stance. 

The price of tungsten concentrate is consolidating at a high level of $17,647.1/ton and manufacturers would like to continue to keep firm offers based on their confidence in the control of the amount of resources. However, the enthusiasm of buyers to take the initiative is not high, and the spot transaction in the market has not yet seen a significant volume. It is more difficult to further adjust the mine price.

The price of APT stabilizes at the level of $299.1/mtu, and the progress of market transactions is limited. However, due to the support of rigid demand and the boost of raw material costs, manufacturers are more eager to rise, and their willingness to sell at a lower price is not high.

The price of tungsten powder remains at around $39.9/kg. The game situation in the upstream and downstream of the industrial chain continues, and the market trading atmosphere is mainly cautious. The factory maintains a low operating rate, waiting and seeing the repair of the alloy end.

Prices of tungsten products on August 16, 2023

Picture of tungsten needles 

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