China’s Tungsten Powder Prices Stabilize at the end of August 2023

Details: Category: Tungsten's News; Published on Thursday, 31 August 2023 17:01

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market continue to be stable because the market's wait-and-see sentiment is growing stronger as the end of the month approaches.

The fundamentals in the tungsten market remains quiet. The supply side keeps firm due to both holders refraining from selling and smelting plants reducing production. However, the negative impact from the demand side cannot be ignored, dampening the enthusiasm of buyers to follow through, making it challenging to improve the short-term market trading atmosphere.

Tungsten concentrate is being offered at a high level, stagnating around $17,428.6/ton. There are differences in the buying and selling intentions, and the situation of having prices but no transactions continues, with resource liquidity still slow.

APT (Ammonium Paratungstate) prices remain stagnant around $293.8/mtu. In the context of a complex industrial chain game, manufacturers face difficulties in trading, and the market is waiting and observing for adjustments as needed, while being cautious about the risk of backwardation.

Tungsten powder prices are stabilizing around $39.3/kg. There is not strong willingness from the cost side to make concessions, and buyers report limited orders driven by essential demand. Market transactions are not active, and the wait-and-see attitude is influenced by the cyclical adjustment and updates in the fundamental and news aspects.

70% ferro tungsten prices are stabilizing around $25,142.9/ton. The market's wait-and-see sentiment is strong, consumer support is limited, and the supply side support currently holds a relatively dominant position.

Cobalt powder prices have dipped to around $36.9/kg, with unfavorable expectations for demand and a pronounced bargaining atmosphere, leading to a quiet state of transactions.

Prices of tungsten products on August 31, 2023

China tungsten price image