China’s Tungsten Powder Price Is Weak in Early November 2023

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices remain stable due in part to sluggish demand, weak demand and limited deals concluded in the market. 

Tungsten concentrate price hovers around $17,000.00/ton, with deadlocked supply and demand; APT price stands around $287.3/mtu with participants concerning the risk of price inversion; tungsten powder price is weak at around $38.3/kg and market trading activity is low. 

In terms of news, according to data from the China Construction Machinery Industry Association, in October, 14,584 excavators of various types were sold, a year-on-year decrease of 28.9%, of which 6,796 were domestic units, a year-on-year decrease of 40.1%; and 7,788 were exported, a year-on-year decrease of 14.9%. From January to October, a total of 163,396 excavators were sold, a year-on-year decrease of 26%; of which 74,871 were domestic, a year-on-year decrease of 43%; and 88,525 were exported, a year-on-year decrease of 1.04%.

Prices of tungsten products on November 10, 2023

Picture of tungsten wires 

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