The Tungsten Market Showed Stable in the Middle of December 2024

Details: Category: Tungsten's News; Published on Tuesday, 24 December 2024 17:27

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market has shown an overall trend of consolidation and stability in the week ended on Friday, December 20, 2024, with persistent stalemate and bargaining between upstream and downstream segments of the industry.

Tight supply at the mining end supports the market floor, while sluggish demand suppresses upward movement. Trading activity remains cautious, with price fluctuations limited as the market awaits updates on quotes from two leading tungsten companies in Jiangxi.

Tungsten Concentrates: Ore resources remain scarce, and sellers are reluctant to lower prices. High-grade concentrates hold steady around $20,070.4/ton, while downstream buyers show limited initiative in procurement. Most transactions are negotiated case by case.

Ammonium Paratungstate (APT): Confidence levels vary significantly between buyers and sellers, leading to a standoff in the market. Prices remain stable around $334.2/mtu, with smelters under pressure due to narrow profit margins.

Tungsten Powder: The atmosphere of stagnation persists as year-end demand for stock replenishment remains limited. Tungsten powder prices hover at approximately $44.5/kg, while tungsten carbide powder is around $43.8/kg. Most transactions involve negotiation.

Ferro-Tungsten: The market continues to experience a tug-of-war between cost support and weak demand. With strong market uncertainty, prices remain range-bound, with 70% ferro-tungsten consolidating around $30,140.8/ton.

Scrap Tungsten: The scrap tungsten market remains in a state of negotiation and balance, with differing confidence levels among participants. Transactions generally follow market trends, with prices undergoing minor adjustments within a narrow range.

The market overall remains cautious, with limited buying and selling activity, reflecting the ongoing uncertainty and conservative sentiment at both ends of the tungsten industry chain.

Prices of tungsten products on December 23, 2024

APT price image