Current Status of China Tungsten Prices and Market Dynamics

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are currently stabilizing, with uncertainty prevailing in the international economic signals on the macroeconomic front.

 However, expectations of price increases exacerbate cost pressures. The basic supply-demand situation remains weak, with both sides engaged in a cautious game. Market participants are observing the shift in sentiment on the supply side after the annual legislative sessions, adopting a wait-and-see approach in the short term, resulting in stagnant spot transactions.

The price of 65% black tungsten concentrates is hovering around $18,000.0/ton, with difficult transactions at higher levels and reluctance to offer discounts at lower levels, as suppliers dominate the market sentiment, maintaining a bullish outlook.

Ammonium paratungstate (APT) prices are stabilizing around $300.2/mtu, with limited acceptance of high-priced raw materials by downstream end-users. The market is characterized by cautious trading as traders avoid the risk of backwardation.

Tungsten powder prices remain stable at around $40.0/kg, while tungsten carbide powder prices are around $39.4/kg. The alloy side is struggling to follow the trend in raw material prices, resulting in light trading activities and ongoing negotiations among market participants.

The price of 70% ferro tungsten is stabilizing around $26,285.7/ton, with cost support dominating the market. However, the favorable situation in downstream consumption is limited, leading businesses to maintain cautious trading practices.

The price of waste tungsten grinding materials and tungsten bar is stabilizing. The market is influenced by fluctuations in raw material prices and demand from the alloy side, resulting in differences in opinions between buyers and sellers and limited transactions.

Prices of tungsten products on March 13, 2024

Picture of APT

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