APT and Tungsten Powder Prices Stabilize on Quiet Market

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in the Chinese market continue to stabilize on November 29, 2023, and there is little change in the market fundamentals. 

The market is characterized by a stable willingness to hold back sales from the tungsten raw material side, while the consumption sentiment from the alloy side is not enthusiastic. The market's consumption power is relatively insufficient. The short-term trend is probing higher and stabilizing, with actual transactions pending implementation. Towards the end of the month, an overall atmosphere of caution increases, waiting for clear guidance on prices from institutions and major enterprises after the month-end, as well as year-end corporate stocking performance.

The price of tungsten concentrate is maintained at around $17,285.7/ton. Some holders are reluctant to sell, while others take profits. With support from the supply and cost sides, the overall sentiment for offering discounts is not apparent. The market focus remains relatively high, but downstream acceptance of high prices is low, leading to limited trading volume.

Ammonium paratungstate (APT) prices are maintained at $290.6/mtu. The game between the upstream and downstream of the industry chain continues, with divergent confidence in spot buying and selling. Smelters find it challenging to transfer cost pressures, and the market maintains a cautious negotiation stance, with a strong risk-averse sentiment. Overall, the operating load status remains low.

Tungsten powder prices are held at the $38.6/kg threshold. There is limited progress in downstream terminal consumption, and alloy enterprises' acceptance and demand for raw materials are average. The powder market sees limited new order volume, and trading continues with discussions based on demand.

The scrap tungsten market overall maintains a stable situation, and the market demand is also in a recovery cycle. However, due to the relatively tight supply of resources on the supply side and the prevailing market sentiment of holding back sales from the raw material side, the dominant intention among merchants is to support the market, and the market focus remains stable with a wait-and-see approach.

Prices of tungsten products on November 30, 2023

Picture of tungsten carbide rods 

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