Tungsten Market: Weak Trends Under Supply-Demand Pressure

Details: Category: Tungsten's News; Published on Friday, 14 March 2025 14:16

Analysis of latest tungsten market from Chinatungsten Online

This week, tungsten prices overall showed a weak consolidation, with the main negative factor stemming from market supply and demand pressure.

Following the conclusion of an important domestic meeting, market confidence, previously supported by tight mining resources, has weakened. The international macroeconomic situation remains severe, with unclear signals of recovery in both demand and capital. The fundamental contradictions in the tungsten market continue to be prominent, and the recent market trend is operating under pressure and in a weak state.

The price of 65% wolframite concentrate is approximately $19,718.3/ton, with limited market trading. This is due to a combination of holders’ reluctance to sell in order to stabilize the market and buyers negotiating prices based on their needs, resulting in an overall cautious trading sentiment.

Ammonium paratungstate (APT) is priced at around $331.0/mtu, with transaction momentum continuing to trend downward. A pessimistic demand-side atmosphere is weighing on the market, and shipment volumes remain sluggish.

The price of tungsten powder is about $43.9/kg, while tungsten carbide powder is priced at approximately $43.2/kg. The market is trapped in a situation constrained by both costs and demand, with industry players holding divergent views on the future market, leading to cautious sideways trading.

The price of 70% ferrotungsten is roughly $30,422.5/ton. Due to weakened cost support, the market trend is loosening in line with market conditions, and transactions continue to be determined by demand.

The atmosphere in the tungsten waste and scrap market is slightly weak, driven by lackluster demand from the consumption end. Market transaction performance is relatively subdued, with overall liquidity remaining poor.

The price of cobalt powder is approximately $36.6/kg, reflecting a weekly increase of over 30%. Tight supply and elevated prices have created an enthusiastic market mood, though consumers are cautiously stocking up. Absent policy shifts, the market is likely to sustain its upward trajectory.

Prices of tungsten products on March 14, 2025