China’s Tungsten Powder Prices Keep Stable on Quiet Market

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market keep stable on October 26, 2023 with sluggish trading activity. Several challenges, including weakening external demand, rising costs, and increasing economic risks, have led to delayed performance of downstream orders for tungsten products. 

Smelting companies and intermediate traders are facing a dilemma in their operations, and the market trends remain uncertain. In the short term, the market is in a phase where it is easier to fall than to rise, with market players adopting a wait-and-see approach. Restoring confidence in demand is crucial.

Tungsten concentrate prices remain at around $17,142.9/ton, with slow circulation of market resources and a slight accumulation of spot inventory. This has affected the confidence of traders, and market trading confidence is divided. Transactions are carried out as needed, and the market remains in a stagnant state.

APT (Ammonium Paratungstate) prices are hovering around $288.9/mtu, with actual transactions primarily referencing the long-term contract prices from several large tungsten companies. Overall, trader confidence is under pressure, and spot sales are slow. Smelting companies are primarily focused on risk avoidance and are observing the progress of downstream consumption.

Tungsten powder prices remain stable at around $38.6/kg, but market transactions are slow to pick up. The atmosphere is tilted towards the bearish side due to the slowdown in global trade growth and imbalances in the supply and demand of hard alloys. Market pressures related to the price inversion are keeping the market in a weak but stable state.

Prices of tungsten products on October 27, 2023

Picture of tungsten alloy parts 

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