Ferrotungsten Price Continues to Stabilize on Quiet Market

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain in a stalemate with stable trends.

 Market demand sentiment continues to be subdued, while limited supply-side activity supports the market's bottom line. From a macro perspective, the world is undergoing significant changes unseen in a century. Industry participants hold mixed views on future price trends, with the overall market in a cycle of stable and narrow fluctuations, and transactions facing obstacles.

65% Black Tungsten Concentrate: The price is quoted at $20,140.8/ton. While long-term market sentiment leans towards optimism, short-term demand insufficiency is creating pressure, hindering sellers, and weighing on price negotiations.

Ammonium Paratungstate (APT): The price is quoted at $335.8/mtu. Downstream acceptance of raw material prices is lagging, creating apparent cost inversion pressure for smelters, and weakening enthusiasm for transactions.

Tungsten Powder: The price is quoted at $44.5/kg, and Tungsten Carbide Powder is priced at $43.8/kg. While the consumption outlook in the alloy sector is optimistic, overall supply-demand expectations remain under pressure. Competition within the industry is impacting raw material markets, leaving powder suppliers watching cost-side support cautiously.

Ferrotungsten price is quoted at $30,281.7/ton. A slight easing of cost-side pressures has cooled market sentiment, with spot transactions at a standstill as the market awaits procurement information from steel mills.

Scrap Tungsten: Prices are in a weakly stable cycle. Supply-side conditions are moderately loose, while the demand side remains under pressure, resulting in low transaction activity overall.

From a macroeconomic perspective, the Central Committee of the Communist Party of China held a Politburo meeting on December 9 to set out economic work plans for 2025 across multiple fields. Notably, the tone of monetary policy has been adjusted from "prudent" to "moderately loose," marking the first time this phrasing has been used since the 2008 financial crisis (2009-2010). At that time, the central bank repeatedly lowered the reserve requirement ratio and the benchmark lending rate. According to the China Securities Journal, experts believe that current monetary policy needs and conditions allow for a shift to "moderately loose." The central bank is expected to prioritize forward-looking, effective, and targeted implementation of monetary policy, creating a favorable financial environment to support sustained economic recovery and improvement.

Prices of tungsten products on December 13, 2024

Picture of tungsten alloy balls 

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