The Tungsten Market Saw Price Surge in Early April 2024

Analysis of latest tungsten market from Chinatungsten Online

The recent surge in the tungsten market is mainly due to the support of cost and supply, combined with the improvement of macroeconomic indicators. In addition, strong quotes from institutions and large tungsten enterprises, as well as passive follow-up of downstream tungsten products, have further strengthened the positive attitude of the tungsten raw material market.

Due to the continuous increase in prices of tungsten raw materials such as tungsten concentrate, APT, and tungsten carbide, the production costs of downstream tungsten materials and hard alloy products continue to increase. The sales prices of products are unable to withstand the price increase of raw materials, and tungsten materials and hard alloy enterprises have issued price increase notices.

Prices of tungsten products on April 10, 2024

Picture of tungsten alloy counterweights 

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