Chinese Tungsten Price Continues its Strong Trend at the end of April 2024

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten price continues its strong trend on April 28, 2024, with the tight supply led by tungsten ore still ongoing. The market speculation is intensified by the recent rainy weather in the southern regions, exacerbating the situation of tight market resources. 

The continuous rise in raw material prices has led to increasing production costs for smelters and tungsten product manufacturers, such as tungsten materials, tungsten steel, and cemented carbide, forcing them to adjust product prices accordingly. Actual on-site orders are being implemented cautiously with reduced volume, but upstream price increases provide some incentive for raw material quotations. 

Currently, the overall tungsten price remains in a state of speculative rise with limited trading volume, intensifying the bargaining between upstream and downstream sectors of the industry. Observations are being made regarding the actual inventory levels and sales order situations at various stages of the supply chain.

Prices of tungsten products on April 29, 2024

Picture of tungsten trioxide 

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