China Tungsten Powder Price Remains Weak on Ongoing Lackluster Atmosphere

Details: Category: Tungsten's News; Published on Wednesday, 27 September 2023 18:17

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices remain stable in the second half of September 2023 as market participants adopt a watchful stance before the upcoming holiday season.

There hasn't been a significant increase in new stockpiling, and the flow of resources remains relatively slow. Market participants are keeping an eye on updates from the news.

In the tungsten concentrate market, buyers are cautious and prefer relatively lower-priced resources, with high-grade materials hovering above $17,142.9/ton. Transactions mainly revolve around essential needs.

In the APT market, there's a cautious approach to pricing, with offers hovering around $290.6/mtu. Negotiations for actual transactions are in a standoff. Upstream cost pressures are evident, and it's challenging to see a short-term recovery in downstream demand, which remains weak.

The tungsten powder market is experiencing a period of weak stability, with prices holding steady at around $38.9/kg. The ongoing lackluster atmosphere in the hard alloy sector is affecting business confidence, leading to cautious trading conditions.

The 70% ferro tungsten market is relatively stable, with quoted prices at approximately $25,000.0/ton. However, actual orders are limited, and downstream users continue to reduce their inventories, resulting in limited market momentum.

Cobalt powder market is experiencing a period of weak stability, with prices holding steady at around $35.7/kg. Improvements in the consumption side of the market before the holiday season seem challenging to achieve, and there is a lack of driving forces in the market, with cost considerations providing support at the bottom of the market.

Prices of tungsten products on September 27, 2023

China tungsten powder price image