China's tungsten powder price remains stable in early June 2024

China's tungsten price is temporarily stable, and the overall market is still in a downward cycle.

The partial shutdown of small and medium-sized smelters caused by the central environmental protection inspection has not yet ended, resulting in limited supply in the spot market and low prices. This keeps tungsten prices relatively stable for a certain period of time. In the short term, the tungsten market focuses on the average price forecast of institutions and the long-term quotations of several representative tungsten companies.

The price of tungsten powder remains at US$48,428.6/ton, and the price of tungsten carbide powder consolidates at US$47,714.3/ton.

China Tungsten Online

Everyone in the cemented carbide-related industry knows and cares about the price of raw materials, and we are willing to provide and share relevant information.

Due to the soaring tungsten powder prices in the early stage, the cemented carbide industry, whether it is traditional cemented carbide products or cemented carbide blade manufacturers, has adjusted prices one after another, and customers are also complaining and profits are declining.

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