Tungsten Powder Prices Face Significant Resistance Around $40.0/kg,

Details: Category: Tungsten's News; Published on Tuesday, 19 March 2024 10:54

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stable, with market transactions lukewarm.

The firm attitude of miners supports the firm prices of tungsten chemicals and powders. However, the sales status of downstream alloy products is average, limiting the momentum for market support. Market trading and negotiations remain in a stalemate, with a wait-and-see approach for large tungsten enterprises' long-term quotations in the latter half of the month and changes in supply and demand after the two sessions.

The price of tungsten concentrate remains high, hovering around $18,000.0/ton. Merchants are still waiting for price increases, while downstream end-users are relatively cautious about purchasing at high prices. Short-term market negotiations are on hold as stakeholders await clearer signals from the news.

Ammonium paratungstate (APT) prices are stabilizing around $300.3/mtu, with cost pressures still evident. Both middlemen traders and downstream users are cautious in their inquiries, leading to subdued market transactions.

Tungsten powder prices face significant resistance around $40.0/kg, while the price of tungsten carbide powder remains stable at around $39.4/kg. Market trading activity is low, with alloy stocking demands not yet concentrated, and speculative sentiments evident in the market.

The price of 70% tungsten ferroalloy remains stagnant at around $26,285.7/ton, with cost factors being the main support for the market. Demand constraints are the focus of spot negotiations, with strong wait-and-see sentiment in the market and tepid transactions.

The price of waste tungsten grinding materials is temporarily stable around $0.33 per degree, while the price of bars remains stagnant at around $29.9/kg. Market trading enthusiasm is limited, with divergent confidence in price movements, and some profit-taking actions restraining the market focus.

Prices of tungsten products on March 15, 2024

China tungsten price image