China APT Price Is Testing Above $295.4/mtu But Constrained by Weak Demand

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten carbide powder prices remain stable on August 24, 2023 with a continued stalemate in the market. Both raw material market and downstream demand remain weak, resulting in overall tepid market transactions.

The price of tungsten concentrate is stabilizing at around $17,428.6/ton at high levels. Traders maintain a steadfast mindset, and the circulation of market resources maintains a demand-driven trend, while the market remains cautious at these higher levels.

APT price is testing above $295.4/mtu, primarily influenced by cost support factors but constrained by the weak demand. Most smelters are awaiting clearer signals from future market developments.

Tungsten powder price is stabilizing at around $39.3/kg. Both the cost of raw materials and the supply are providing confidence to the market. Nevertheless, the sustainability of this situation still requires observation of consumer-side follow-up performance.

Prices of tungsten products on August 25, 2023

Picture of tungsten wire 

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