China’s Tungsten Carbide Powder Prices Remain Steady in the Middle of January 2024

Details: Category: Tungsten's News; Published on Monday, 22 January 2024 17:05

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continued to stabilize in the week ended on Friday, January 19, 2024, with a prevailing atmosphere of industry chain negotiations and cautious market sentiment. Market trading activities are not very active, and the overall situation remains stable, with a festive atmosphere building up.

In the tungsten concentrate market, factors such as environmental safety control, total mining control, reduced ore grade, increased concentration of resources, and expectations of rising prices resonate. Merchants with holdings show reluctance to sell, and the overall market supply is limited. High-grade offers remain strong at around $17,571.4/ton.

In the APT (Ammonium Paratungstate) market, the high procurement cost of raw tungsten ore and the comprehensive recycling cost of tungsten smelting slag have kept the overall procurement costs and processing costs high. The relatively sluggish domestic consumption and complex export trade environment have led to subdued market demand. Merchants are holding firm on external offers, and the atmosphere for actual transactions is subdued, staying around $293.8/mtu.

In the tungsten powder market, recent dominance is driven by cost considerations. The actual supply and demand fundamentals continue to be under pressure. Supply pressures on conventional hard alloys are suppressing overall purchasing confidence. The market trading situation remains in a state of deadlock, accentuated by the festive atmosphere. Tungsten powder prices are consolidating around $39.0/kg, while tungsten carbide powder prices remain steady at around $38.3/kg.

Prices of tungsten products on January 22, 2024

tungsten carbide powder price image