Ammonium Paratungstate Price Increases Slightly on Firm Cost Support

Details: Category: Tungsten's News; Published on Friday, 15 November 2024 17:29

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain stable, with recent pricing power slightly favoring sellers. However, buyer acceptance is insufficient, and high-level transactions are relatively sluggish.

65% Black Tungsten Concentrate: The price is testing $20,869.6/ton. High-level transactions are hindered, with little strong incentive for profit-taking, and the mining sector continues to support market prices.

Ammonium Paratungstate (APT): The price is testing $347.2/mtu. Cost support remains firm, but demand remains weak, and transaction orders are limited.

Tungsten Powder: The price is quoted at $45.8/kg, while tungsten carbide powder is priced at $45.1/kg. Alloy consumption momentum remains limited, and market transactions are demand-based.

Ferro-Tungsten (70%): Prices are steady at $31,014.5/ton. Recent raw material cost increases and steel mill bidding demand have helped sustain the market.

Scrap Tungsten: Prices are stable with a slight upward movement. However, market purchasing activity remains limited, and overall sentiment is wait-and-see, with transactions primarily based on immediate needs.

Market Drivers:

The main positive factors for the tungsten market are tight supply at the mining level, a reluctance to sell, and cost support, which have helped sustain the supply side. Additionally, the implementation of a package of domestic economic stimulus measures has driven some recovery in manufacturing demand. The rising demand for strategic resources as a hedge against geopolitical conflicts also supports market conditions.

Market Challenges:

On the downside, smelters and mid-to-low-end alloy manufacturers still face overcapacity pressure. The unstable international economic and geopolitical environment has led to increased risk-aversion sentiment among investors, coupled with a potential downgrade in consumption. Poor manufacturing data from major economies also reflects ongoing pressure on the industry’s financial and demand sides.

Prices of tungsten products on November 14, 2024

China tungsten powder price image