Chinese Tungsten Prices Stabilized in Early December 2023

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, Chinese tungsten prices stabilized temporarily, with attention on the upcoming release of average tungsten forecast prices from Ganzhou Tungsten Association and long-term contract prices from major tungsten enterprises.

From a fundamental perspective, the market continues to experience a situation of dual weakness in supply and demand, with support from the mining side stabilizing the bottom of the entire industry chain. However, consumption power on the alloy side remains relatively weak, suppressing market procurement sentiment. On the macroeconomic front, overseas economic and geopolitical risks, as well as the pressure on external demand, continue to affect the release, and there is a wait-and-see attitude towards adjustments in domestic incentive measures.

Prices of tungsten products on December 5, 2023

Picture of tungsten needles 

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