China Tungsten Price Remained Stable in the Middle of September 2023

Details: Category: Tungsten's News; Published on Monday, 18 September 2023 18:08

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained stable on the whole in the week ended on Friday September 15, 2023 with limited trading activity in the market, and overall sentiment continues to be weak.

Spot transactions have been sluggish as market participants await new quotes from tungsten companies and potential restocking demand ahead of the upcoming Mid-Autumn Festival and National Day holidays.

Tungsten concentrate prices have held steady at around $17,142.9/ton, reflecting a strong intention to stabilize the market. However, downstream users have shown limited cooperation, and there is general caution in raw material procurement. The circulation of resources within the market remains limited, resulting in a stagnant situation.

Ammonium paratungstate (APT) prices have temporarily stabilized at around $292.2/mtu, with support from cost factors. However, ongoing constraints in demand continue to affect spot trading. Negotiations among market participants are conducted as needed, and price expectations are relatively under pressure.

Tungsten powder prices have remained stable at around $39.1/kg, reflecting low market confidence. Consumption in the alloy and downstream product sectors remains unenthusiastic, leading manufacturers to exercise caution. The market remains weak but stable as participants await clearer direction in the future.

Ferro tungsten prices are weakly stable at around $25,000.0/ton, with raw material prices trading flat. The recovery in steel consumption is limited, and traders maintain a generally cautious approach, with many adopting a wait-and-see attitude.

Cobalt powder prices have temporarily stabilized at around $33.6/kg, primarily due to weak performance in markets such as alloys. Market sentiment remains bearish, and there is significant pressure on bottoming out prices. Participants are closely watching cost support and demand-side recovery conditions.

Prices of tungsten products on September 18, 2023

China APT price image