The Latest Price of Ferro Tungsten in China – December 27, 2023

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market in China continues to show stable trends as raw material suppliers quote prices at higher levels. However, downstream demand remains moderate, and the recent holiday atmosphere has further subdued market activities. 

The price of tungsten concentrate remains elevated, hovering around $17,571.4/ton. However, the acceptance level among purchasers is constrained, resulting in limited transaction progress. The market is characterized by on-demand circulation, with participants adopting a cautious stance while monitoring changes in market dynamics.

Ammonium paratungstate (APT) price remains steady at around $293.8/mtu. There is a slight tightness in spot raw material resources, and downstream customers exhibit a moderate buying attitude. The market experiences a tug-of-war between bulls and bears, leading to a stalemate in the price movements.

Tungsten powder price remains stagnant at approximately $39.0/kg. While cost support remains adequate, downstream consumption remains calm. Market trading maintains a cautious and on-demand approach, with differing opinions on future market trends.

Ferro tungsten price exhibits a stable yet minor upward trend. Cost pressures on manufacturing firms serve as the primary driving factor, coupled with a somewhat tight supply, supporting resilient seller offers. The actual transaction atmosphere remains relatively stable.

In the scrap tungsten market, trading activities have slowed ahead of the New Year, resulting in a quieter market supply rhythm. Demand remains subdued, and sellers are adjusting offers to maintain stability, with cost considerations remaining a predominant factor.

Prices of tungsten products on December 27, 2023

Picture of tungsten carbide tools 

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