China’s Tungsten Powder Prices Stabilize Before the Holidays

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten powder prices continue to stable as the double holidays approach, with market trading becoming quieter.

 There have been no significant changes in supply and demand-related news before the holidays, and market transactions and negotiations continue to be cautious, with a wait-and-see attitude towards future consumption trends.

High-grade black tungsten concentrate prices remain around $17,285.7/ton, with limited interest from downstream users. Holders are observing the market and transactions have been limited, leading to a stagnant market.

Ammonium Paratungstate (APT) prices are holding steady around $290.6/mtu. Due to pressure from both costs and demand, the market remains in a state of neither significant rise nor fall. Smelting companies are cautious in their operations, and the pricing from large tungsten enterprises continues to be a key indicator.

Tungsten powder prices are stabilizing at around $38.9/kg. Some traders are offering competitive prices, but overall, due to cost considerations and expectations of an economic recovery in the manufacturing sector, the market's willingness to offer significant discounts is limited. The market is mainly maintaining stability and waiting to see actual orders from the alloy sector in the future.

The price of 70% ferro tungsten is hovering around $25,000.0/ton, with limited market transactions. The atmosphere in the tungsten raw material sector remains stagnant, coupled with a lukewarm steel market, the ferro tungsten prices are stabilizing and waiting for developments ahead of the holidays.

Prices of tungsten products on September 28, 2023

Picture of tungsten trioxide 

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