China’s Tungsten Carbide Powder Prices Keep Firm Driven by Cost Factors

Analysis of latest tungsten market from Chinatungsten Online

The recent Chinese tungsten price has remained stable, as major tungsten enterprises' upward adjustments in long-term contract prices have boosted market confidence, resulting in robust offers from traders. 

However, the consumption trend on the alloy end remains cautious, with limited market orders concluded, particularly as downstream customers' acceptance after the raw material price hike needs to be followed, resulting in a standstill in market transactions.

Tungsten concentrate prices are above $17,794.1/ton with holders holding back to explore price increases. Downstream end-users remain low buying appetite, leading to transactions revolving around essential demand.

Ammonium Paratungstate (APT) prices have adjusted upward to above $302.4/mtu with smelters showing a noticeable attitude towards exploring price increases. However, the enthusiasm for purchasing downstream is limited, resulting in transactions remaining stagnant at higher levels.

Tungsten carbide powder prices are hovering around $39.7/kg, primarily driven by cost factors and supported by supply. Powder manufacturers are adopting a wait-and-see approach with lower offers, as the market's desire to stand firm increases, awaiting confirmation of consumption in the alloy end.

Cobalt powder prices have declined to around $39.4/kg with stable market supply. However, demand has weakened due to the off-season impact, causing trading sentiments to be under pressure, and the raw material market to continue its weak trend.

Prices of tungsten products on August 18, 2023

Picture of tungsten acid 

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

• < Prev
• Next >