Tungsten Powder Price Remains Weak in Late November Due to Poor Demand

Analysis of latest tungsten market from Chinatungsten Online

The tungsten carbide powder and tungsten powder prices in the Chinese market mainly keep weak adjustment affected by gradually decline in new bid prices for the second half of November from state-owned tungsten companies. 

China’s Jiangxi Tungsten’s offer for high-grade tungsten concentrate was $16,825.4/ton, a decline of $793.7/ton compared with the first half of this month. 

In the tungsten concentrate market, the unstable climate, strict environmental protection and safety requirements, and total mining volume control indicators have a certain degree of control over the market supply. Holders are willing to sell at low prices despite of continued limited orders. The price of concentrate is about $17,142.9/ton. 

In the APT market, although the supply of the market is not increased due to the impact of environmental protection and energy consumption control, the lack of terminal demand has caused fundamental pressure, and the impact of the weakening of funds in the fourth quarter is superimposed. The market orders are disappointed and smelters face pressure of price inversion. 

In the tungsten powder market, affected by traditional consumption off-season, plus with extreme events induced by epidemic and climate in the fourth quarter, downstream consumption of alloys was poor, and the consumption of raw materials was also restrained. Tungsten powder price mainly hovers around $41.0/kg.

Prices of tungsten products on November 25, 2021

Picture of tungsten ore 

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