China’s Tungsten Concentrate Price Stabilizes with Limited Transaction Orders

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day on September 12, 2023, with market trading sentiment cautious and subdued as participants closely monitor supply and demand dynamics and developments in the news. 

In the short term, there are still differences in the psychological prices between buyers and sellers, with mining companies maintaining stability, while smelters and downstream alloy users are reducing their inventories. As a result, spot transactions are stagnating.

At present, tungsten concentrate price is still being offered at around $17,285.7/ton with limited transaction orders; APT price is hovering around $292.2/mtu with strong negotiation atmosphere in the market; tungsten powder price remains around $39.1/kg with some experiencing stability and others a slight decline.

On the macroeconomic front, according to the People's Bank of China, at the end of August, China's broad money supply (M2) balance was 28.693 trillion RMB, an increase of 10.6% year-on-year. This growth rate was 0.1 percentage points lower compared to the end of the previous month and 1.6 percentage points lower compared to the same period last year. The stock of social financing amounted to 36.861 trillion RMB, a year-on-year increase of 9%. In August, the increment of social financing was 3.12 trillion RMB, an increase of 631.6 billion RMB compared to the same period last year. Renminbi loans increased by 1.36 trillion RMB, an increase of 86.8 billion RMB year-on-year.

Prices of tungsten products on September 13, 2023

Picture of tungsten alloy block 

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