Stable Ammonium Paratungstate (APT) Prices Amid Market Stalemate and Mixed Sentiment

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stable in a stalemate, with some suppliers shifting between holding back for higher prices and selling for profit. 

Downstream buyers maintain a cautious, on-demand purchasing approach, resulting in divided market sentiment and generally moderate trading activity. In the short term, the market is in a holding pattern, waiting for new developments.

The price of 65% black tungsten concentrate is holding steady at around $20,142.9/ton, with slight increases in selling sentiment. However, the tight supply and weak demand dynamics persist, keeping the market fundamentals in a stalemate.

Ammonium paratungstate (APT) prices remain around $337.4/mtu. Confidence in price stability has weakened, with upstream and downstream segments of the supply chain in a deadlock, and overall trade activity is cautious.

Tungsten powder prices are stable at around $44.6/kg, while tungsten carbide powder is at $43.9/kg. Although costs continue to support prices, supply-demand dynamics remain tense, with limited demand from the alloy sector. Market confidence is mixed, leading to temporary price stability.

Ferro-tungsten (70% grade) remains at $30,142.9/ton, with limited raw material availability and some negotiation leverage from downstream buyers. Market sentiment is cautious, and trading activity is subdued.

The scrap tungsten market is similarly flat, with a slight increase in available stock. Purchasing remains slow, and the anticipated seasonal uptick in demand is not yet evident, leading to a stalemate between buyers and sellers.

According to the China Association of the National Shipbuilding Industry, in the first half of 2024, China's shipbuilding industry completed 25.02 million deadweight tons, up 18.4% year-on-year. New orders reached 54.22 million deadweight tons, an increase of 43.9%, while orders on hand totaled 171.55 million deadweight tons, up 38.6%. China accounted for 55% of global shipbuilding completions, 74.7% of new orders, and 58.9% of orders on hand from January to June.

Prices of tungsten products on September 6, 2024

Picture of tungsten filaments 

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