Tungsten Market Stagnation: Diverging Outlooks Amid Supply and Demand Imbalance

Details: Category: Tungsten's News; Published on Friday, 06 December 2024 14:30

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market is currently in a weak and stable deadlock phase, with market sentiment leaning toward caution as traders await clarification of the average price forecast from the Ganzhou Tungsten Association and the long-term price quotes from other major tungsten companies.

Market participants believe that, under the current backdrop of weak domestic demand and a complex and challenging external environment, tungsten prices face a dilemma of rising or falling. More specifically, the supply and demand imbalance in the tungsten market remains prominent, with concerns over a tight supply chain and relatively pessimistic demand expectations continuing to play out. This has led to a significant divergence of opinions between bulls and bears, resulting in sluggish transactions. The market is largely driven by fundamental factors and sentiment, with limited room for price fluctuations in either direction.

65% Black Tungsten Concentrate: Priced at $20,40.8/ton. Due to limited available resources for sale, there is low willingness to sell at lower prices, leading to a continued deadlock in transactions.

Ammonium Paratungstate (APT): Priced at $335.8/mtu. The influence of production costs remains significant, but the demand situation is not favorable, leaving manufacturers under inversion pressure, with poor spot market trading.

Tungsten Powder: Priced at $44.6/kg, and tungsten carbide powder at $43.9/kg. Market buying activity is limited, with new orders lacking and a stagnant, pressured market performance recently.

70% Ferro-Tungsten: Priced at $30,281.7/ton. The industry chain's competitive dynamics are unclear, leading to a strong wait-and-see attitude in the market, with trading continuing to follow market trends.

Scrap Tungsten: Prices remain stagnant, with participants observing trends in raw material prices and having varying expectations. Recent transactions have largely been subject to negotiation.

Prices of tungsten products on December 6, 2024

China tungsten price image