Tungsten Powder and Tungsten Carbide Powder Prices Stabilize in Late March 2024

Details: Category: Tungsten's News; Published on Thursday, 28 March 2024 14:49

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are in a stable period, with market support coming from the strong stance of suppliers at the mining end. Demand remains flexible, with spot market trading generally conducted on a need-to basis, resulting in limited transaction orders.

The price of 65% black tungsten concentrate is maintained at around $18,142.9/ton, with a prevailing market confidence. Despite a decrease in ore grade, intensified environmental regulations, increased international geopolitical risks, and rising price inflation risks, suppliers are reluctant to offer discounts, maintaining a long-term bullish view and cautiously managing the outflow of resources to secure profits.

APT prices remain stable at the level of $301.9/mtu, with market transactions mainly characterized by cautious observation, as tungsten raw material replenishments remain relatively high. Downstream buyers are less proactive in accepting high prices, while smelters face challenges in executing sales orders and maintaining high profit margins, resulting in limited room for price negotiations in the market.

Tungsten powder prices are hovering around $40.1/kg, while tungsten carbide powder prices remain steady at around $39.6/kg. Strong sentiment persists on the supply side, while demand-side recovery is still awaited, with market transaction orders centered around immediate needs and a prevailing wait-and-see atmosphere.

The price of 70% ferro tungsten remains stable at around $26,428.6/ton, supported by stable cost factors. Although steel mills are gradually resuming production, sales prices are under pressure, resulting in an overall lukewarm market trading situation and a temporarily stable and cautious market outlook.

The scrap tungsten market is mainly consolidating, with grinding material prices maintained at around $0.34/degree and rod prices at around $29.9/kg. The trading atmosphere within the market remains cautious, influenced by the interplay between costs and demand, leading to prudent buying and selling behaviors.

Prices of tungsten products on March 28, 2024

China tungsten price image