China Tungsten Prices Remain Stagnant Amid Market Caution and Trade Risks

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continue to stagnate in a sideways trading pattern, with market sentiment dominated by caution. Transaction volumes remain constrained.

Supply Side

Tungsten ore resources remain limited, with low willingness to sell at lower prices. However, there is an increased inclination to cash out at high prices. Supply from smelters and alloy manufacturers is relatively ample, but sales are sluggish amid a tug-of-war between costs and demand, resulting in stagnant market dynamics.

Demand Side

Domestic demand is insufficient, and external demand is hampered by "trade war" risks, fueling negative consumer sentiment. Downstream buyers are cautious about following high prices, focusing on replenishment at prevailing rates. Negotiations remain under pressure.

Macro Factors

Following the U.S. announcement of export controls on semiconductors to China, the Chinese Ministry of Commerce has decided to strengthen export controls on dual-use items to the U.S., reflecting significant uncertainty in the current export landscape.

Market Details

65% Black Tungsten Concentrate: Prices are reported at $20,140.8/ton. While supply-side support remains strong, profit-taking by sellers and weak demand expectations have softened the market.

Ammonium Paratungstate (APT): Prices are at $335.8/mtu. The market is under significant pressure from price inversions, with cautious, on-demand negotiations.

Tungsten Powder: Prices are reported at $44.6/kg, and tungsten carbide powder at $43.9/kg. Bargaining sentiment is increasing, but transactions remain stagnant.

70% Ferro-Tungsten: Prices are at $44,366.2/ton, with mixed market sentiment. Participants are maintaining a wait-and-see approach, awaiting clearer trends.

Scrap Tungsten: Market pressure has slightly increased, with recyclers adjusting prices after a softening in raw material costs. Transactions remain cautious and modest.

Prices of tungsten products on December 5, 2024

Picture of tungsten flux 

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