China’s Tungsten Prices Stabilize with a Further Increase in Tungsten Product Resources

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten prices remain stagnant with a further increase in tungsten product resources after the Lantern Festival. 

Suppliers are showing a higher intention to ship, but the lack of enthusiasm from buyers to accept goods has resulted in continued divergence in market trading psychology, leading to more stagnant spot trading.

The price of 65% black tungsten concentrate remains at around $17,857.1/ton. The mindset of hoarding for higher prices in the market remains strong before the Two Sessions, supporting the firm tungsten product price trend.

The price of ammonium paratungstate (APT) remains stable at around $297.0/mtu. The market sentiment between upstream and downstream is increasingly divided, with overall cautious purchasing and sales, leading to a stable and watchful market.

Tungsten powder prices remain stagnant at around $39.4/kg, while the price of tungsten carbide powder remains stable at around $38.9/kg. Cost support remains the focus for suppliers' pricing, with cautious sentiment from the alloy end inhibiting actual trading, resulting in demand-driven stagnation in the market.

The price of 70% ferro tungsten remains stable at around $25,857.1/ton, with cost support still dominating the market. Consumer sentiment remains cautious, with attention focused on the implementation of relevant incentive measures and external pressures related to transportation and warehousing.

The waste tungsten market remains relatively firm, with grinding material prices at around $0.33 per degree, and rod prices at around $29.9/kg. Merchants mainly adopt a wait-and-see attitude, hoping for downstream demand to follow suit.

Prices of tungsten products on February 28, 2024

Picture of tungsten acid 

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