Steady Trends in the Tungsten Market: An Overview of Recent Developments

Details: Category: Tungsten's News; Published on Friday, 08 March 2024 14:47

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price continues its steady trend, with sellers maintaining a firm attitude and low-level resources scarce in the market.

However, the proactive buying sentiment from buyers is not strong, and fear of high prices and demand resistance hinder transactions. The tungsten market overall remains demand-driven, with participants waiting for updates from the recent government meetings and actual consumption.

The price of 65% black tungsten concentrates tests around $18,000.0/ton, but actual transactions are difficult to follow up on, as downstream end-users have limited proactive buying intentions, resulting in a market with offers but limited transactions.

Ammonium paratungstate (APT) prices stabilize around $298.6/mtu, influenced by the increase in mine prices and long-term contract prices from several representative tungsten companies. Smelting plants maintain firm offers, although trading progress is sluggish.

Tungsten powder prices remain stagnant at around $39.9/kg, and tungsten carbide powder prices remain at around $39.3/kg. Enterprises follow suit with their offers, but the actual supply and sales status of hard alloys are still unclear, keeping consumption sentiment cautious.

The price of 70% ferro tungsten stabilizes temporarily at around $295.4/mtu, with recent market trends primarily influenced by cost support, including mine prices and logistics capacity, while downstream consumption activity remains limited.

The prices of waste tungsten grinding materials and tungsten rod remains stagnant. The market sentiment for speculation has intensified recently, with the primary tungsten market remaining firm, but consumer market vitality limited, resulting in a stagnant and watchful market.

Prices of tungsten products on March 8, 2024

China tungsten price image