China’s Tungsten Powder Price Remains Stable in Early September 2023

Details: Category: Tungsten's News; Published on Tuesday, 05 September 2023 18:23

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable with subdued market trading sentiment as participants are waiting for the new guide prices from China’s Ganzhou Tungsten Association (GTA) and major tungsten enterprises.

The price of 65% black tungsten concentrate is in the range of approximately $17,428.6/ton with actual transactions facing resistance. Purchasers had relatively subdued sentiments, and and overall trading activity is low.

APT (Ammonium Paratungstate) price holds steady at around $293.8/mtu, with a cautious market sentiment as participants are waiting for clearer pricing trends. The raw material side is still relatively strong, and the industry is worried about the pressure of price inversion.

Tungsten powder price also remains stable at around $39.3/kg with moderate trading enthusiasm from businesses. Progress in essential procurement is limited, and an atmosphere of caution and anticipation prevails at the beginning of the month as market participants are awaiting directional news updates.

The price of 70% ferro tungsten remains steady at around $25,142.9/ton with upstream support as the primary driver. Downstream demand is low, and the market continues to exhibit cautious and stagnant trading conditions, consolidating within its current range.

Cobalt powder price temporarily stabilizes at $36.1/kg, with relatively slow new transactions in the market. The 3C electronics industry and the electric vehicle market have limited new consumption, leading to differing levels of confidence among market participants.

Prices of tungsten products on September 5, 2023

China tungsten powder price image