China’s Tungsten Concentrate Remains Stable, Slight Activity in Tungsten Ferroalloy

Analysis of latest tungsten market from Chinatungsten Online

As we approach the last trading week of 2023, Chinese tungsten market is marked by a general stability in sentiment. 

Two key factors contribute to this situation: firstly, the Christmas holiday overseas and the approaching New Year holidays domestically have led to a cooling of market activities; secondly, the ongoing game between supply and demand fundamentals, coupled with a lack of clear updates in the news, has resulted in relatively subdued trading sentiments and a lack of activity in the market. In the short term, tungsten prices continue to stabilize, and the outlook for the market will depend on consumer participation post the holiday season.

The price of 65% black tungsten concentrate is maintaining at the level of $17,571.4/ton. Merchants are holding a strong stance, and there is a prevailing reluctance to accept higher prices, resulting in slow resource circulation in the market.

The price of ammonium paratungstate (APT) is stabilizing around $293.8/mtu. The market atmosphere remains stagnant, dominated by risk-averse sentiments among merchants, and trading is proceeding as needed.

Tungsten powder prices are holding steady at around $39.0/kg. There is a divergence in expectations among industry players, with varying psychological price points, leading to negotiations in the market.

The price of 70% tungsten ferroalloy is reported at around $25,142.9/ton. The recent market activity has picked up slightly, primarily due to positive influences from overseas trends and an increase in stocking activities by steel mills, compounded by the impact of cost pressures associated with winter power restrictions.

Prices of tungsten products on December 26, 2023

Picture of tungsten needles 

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