The Price of 70% Ferrotungsten Stabilizes in the Chinese Tungsten Market

Details: Category: Tungsten's News; Published on Friday, 29 December 2023 16:50

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten market is currently experiencing no significant fluctuations at the end of December 2023, mainly due to the approaching holiday season leading to reduced market trading activities, coupled with the weak supply and demand situation for tungsten raw materials. Sellers are adopting a wait-and-see approach, and buyers find their negotiation space somewhat narrowed.

The price of 65% tungsten concentrate remains stable at around $17,571.4/ton. There is limited release of market resources, and there are divergent psychological price points among buyers and sellers. The influence of the upcoming New Year has led to subdued discussions among traders.

Ammonium paratungstate (APT) prices are holding steady at around $293.8/mtu. The market has reference points from recent large tungsten enterprises' long-term contract prices. With the holiday season approaching, there are few new orders in the market, and participants are waiting for supply and demand updates after the holidays.

Tungsten powder prices are maintaining stability at around $39.0/kg, and tungsten carbide powder prices are stabilizing at around $38.3/kg. The market closely watches signals from raw material costs, supply dynamics, and demand for hard alloys. The prevailing sentiment in the market continues to be characterized by a cautious wait-and-see approach.

The price of 70% ferrotungsten is currently stable at around $25,142.9/ton. The holiday atmosphere, both domestically and internationally, has led to subdued market trading activities. The tungsten market is undergoing a period of temporary stability and consolidation.

The tungsten scrap market is maintaining a relatively stable state, with a relatively tight supply and demand situation. Observers are waiting for post-holiday demand performance. The price of grinding materials is around $0.32/ton of ore, and the price of tungsten scrap rods is around $29.3/kg.

Prices of tungsten products on December 29, 2023

China tungsten price image