China Tungsten Price Remains Stable at the end of January 2024

Details: Category: Tungsten's News; Published on Friday, 26 January 2024 14:25

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable, and the market consumption status continues to be weak, suppressing overall trade confidence and market sentiment.

However, due to the strong sentiment on the raw material side, suppliers' overall quotations remain firm, and it is challenging to procure low-level resources in the market, resulting in limited essential transactions.

The tungsten concentrate market price is stable at around $17,571.4/ton, with suppliers showing strong resilience before the Spring Festival. Downstream end-users are cautious and receive goods according to actual needs, leading to limited circulation of market resources.

Ammonium paratungstate (APT) prices are maintained at the level of $293.8/mtu. Cost and supply-demand dynamics are crucial factors for traders. The recent market situation mainly follows a stable trend, but the standoff in spot trading continues, affecting overall transaction orders.

Tungsten powder prices are temporarily stable at around $39.0/kg. Key market factors include the recent resilience in raw material costs, enterprises gradually reducing or halting production before the Spring Festival, relative pressure on hard alloy demand, and a cautious mindset persisting with fewer new order announcements.

Ferro tungsten prices are testing above $25,285.7/ton. Raw material costs and transportation costs are the main factors influencing the recent market atmosphere, with consumer-side receipt of goods still in a wait-and-see mode.

The price of waste tungsten grinding materials is maintained at around $0.33 per degree. Despite limited supply in the waste market, and few favorable demand effects, cost-driven factors are prevalent, and suppliers generally have a bullish market stance.

Prices of tungsten products on January 26, 2024

China tungsten powder price image