Tungsten Price List On March 18, 2024

The price of tungsten powder is consolidating at 280 yuan/kg, and the price of tungsten carbide powder is stagnant at 276 yuan/kg. The purchasing atmosphere in the cemented carbide market remains cautious, and the increase in market orders is limited. We will wait and see the progress of the news. The price of ferrotungsten 70 is stagnant at around 184,000 yuan/ton. Some overseas resources have turned downward to suppress the domestic market. However, raw material cost support and external instability risks still exist, and the market is running sideways in the short term. The price of scrap tungsten grinding materials was reported at about 2.35 yuan/degree, and the price of scrap tungsten rods was reported at about 209 yuan/kg. The market trading confidence was obviously divided. The market was waiting to see the transactions on demand, and the transaction negotiations were deadlocked. In terms of news, according to central bank data, at the end of February, the balance of broad money (M2) was 299.56 trillion yuan, a year-on-year increase of 8.7%. The stock of social financing was 385.72 trillion yuan, a year-on-year increase of 9%. In the first two months, the cumulative increase in the scale of social financing was 8.06 trillion yuan, 1.1 trillion yuan less than the same period last year, and the second highest level in history for the same period. RMB loans extended to the real economy increased by 5.82 trillion yuan, a decrease of 932.4 billion yuan year-on-year.