China Tungsten Prices Maintain Stability Amidst Sluggish Demand

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have remained relatively stable with a slight inclination towards stability on September 20, 2023. The market has been affected by slower-than-expected demand, which has impacted market confidence, resulting in somewhat looser negotiations for actual transactions. 

Market participants are keeping a close watch on the upcoming release of August's tungsten product import and export data, as well as the new round of long-term quotations from major tungsten enterprises.

High-grade tungsten concentrate price holds steady around $17,142.9/ton. However, actual spot transactions have been sluggish. On the mining side, limited resources and cost support have not encouraged many in the market to lower their prices, but the subdued sentiment downstream is forcing trading companies to be less proactive in accepting shipments.

Ammonium paratungstate (APT) price is stagnant, hovering around $290.6/mtu. The interaction between cost factors and demand has led to limited circulation of resources in the market. Manufacturers' enthusiasm for production and sales is generally low, with their focus primarily on reference prices from long-term quotations provided by major tungsten enterprises.

Tungsten powder price remains at approximately $39.0/kg. The demand market has not shown much activity, and there is still significant room for recovery in the consumption of alloys and downstream manufacturing. Purchasing is cautious, and spot transactions are primarily organized based on specific needs.

Prices of tungsten products on September 21, 2023

Picture of tungsten trioxide 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >