China Tungsten Prices Stagnate amid Supply Support and Weak Demand Feedback

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices showed a sideways trend on Monday, supported by strong supply from the mining side. However, weak demand feedback from the alloy sector created divergent views on the future market direction. Market participants adopted a cautious approach, with both buyers and sellers holding back, resulting in generally modest transaction activity.

65% Black Tungsten Concentrate: Prices remained stable at approximately $20,140.8/ton. A price gap between buyers and sellers led to a stalemate in market negotiations.

Ammonium Paratungstate (APT): Prices consolidated at around $335.8/mtu. Weak market demand expectations weighed on market sentiment, keeping transactions focused on long-term contracts and immediate needs.

Tungsten Powder: Prices stagnated at about $44.6/kg, with tungsten carbide powder quoted around $43.9/kg. Price discrepancies emerged in the market, and consumers were purchasing on an as-needed basis, resulting in sluggish liquidity overall.

70% Ferro-tungsten: Prices held steady at around $30,281.7/ton. Recent fluctuations in raw material sentiment and steel procurement intentions led to a wait-and-see attitude among participants.

Recycled Tungsten: Prices remained weak and stable, with purchasers generally attempting to suppress prices. Year-end stocking enthusiasm was low, affecting overall negotiation sentiment and leading to limited market liquidity.

Prices of tungsten products on December 10, 2024

Picture of thoriated tungsten rings 

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