APT and Tungsten Carbide Powder Prices Stabilize in the Middle of March 2024

Details: Category: Tungsten's News; Published on Thursday, 14 March 2024 18:38

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable in the short term, with a weakening trend of chasing highs and cutting losses in the market. The overall situation is still in a stalemate as participants wait to see the direction of actual supply and demand dynamics.

In the tungsten concentrate market, offers remained firm, with the price of 65% black tungsten concentrate hovering around $18,000.0/ton. Downstream buyers are cautious about accepting high prices, resulting in a slow pace of overall transactions. The market is supported by cost factors and the reluctance of suppliers to sell at low prices, hoping for price increases.

The ammonium paratungstate (APT) market is consolidating as participants adopt a wait-and-see approach, with prices holding steady at around $300.2/mtu. Significant pressure from both the supply side, which is reluctant to sell, and the demand side, which is cautious about purchasing, has resulted in limited trading volumes and noticeable backwardation pressure.

The tungsten powder market remains cautious, with prices temporarily stable at around $39.4/kg for tungsten carbide powder. Resistance to high prices is evident, and downstream demand for alloys is moderate. Powder merchants are placing orders as needed, paying attention not only to cost factors but also to the impact of policy news on market sentiment.

The ferro tungsten market remains steady, with prices for 70 ferro tungsten hovering around $26,285.7/ton. While market transactions are under pressure, recent cost factors have relatively dominated the market dynamics.

In the scrap tungsten market, there is divergence in price movements, with the price of grinding materials holding steady at around $0.33 per degree and the price of rods remaining around $29.9 per kilogram. Divergent attitudes towards supply and demand are influencing trading progress in the market, causing slight fluctuations in prices during negotiations.

Prices of tungsten products on March 14, 2024

APT price image