Chinese Tungsten Prices Have Maintained Stability at the end of December 22, 2023

Analysis of latest tungsten market from Chinatungsten Online

This week, the overall Chinese tungsten prices have maintained stability. On the supply side, there are fewer concessions, with many businesses holding inventory and intending to support the market. 

However, on the demand side, there are few purchasers as the Christmas and New Year holidays approach, leading to a cooling of consumption sentiment both domestically and internationally. Major tungsten enterprises have successively finalized their last round of long-term contract prices, confirming the current stable market situation. Transactions based on actual demand are limited, and the market is generally adopting a wait-and-see approach for updates in the post-holiday news cycle.

The price of tungsten concentrate is stabilizing around $17,571.4/ton. The market is in a state of neither high nor low, with slow circulation of resources, maintaining a strong market.

APT (Ammonium Paratungstate) prices are stabilizing around $293.8/mtu. Actual transactions and negotiations are centered around the large orders from major enterprises, with manufacturers cautiously avoiding the risk of inverted pricing.

The price of tungsten powder is stabilizing around $39.0/kg. There is a divergence in confidence between buyers and sellers in the market, with low enthusiasm for consumption in the alloy sector, which is restraining the trend in raw material prices.

The price of 70% ferro tungsten alloy is stabilizing around $25,000.0/ton. There is still a game between the upstream and downstream of the industry chain, with limited pre-holiday stocking orders. Merchants are mainly adopting a wait-and-see attitude.

Prices of tungsten products on December 25, 2023

Picture of tungsten trioxide 

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