Tungsten Raw Material Prices Continue to Rise in the Middle of April 2024

Analysis of latest tungsten market from Chinatungsten Online

Tungsten raw material prices continue to rise under the dominance of supply and market sentiment, driven by cost factors, coupled with the increase in demand for strategic resource hedging, and the driving force of the manufacturing industry repair process on the demand side. 

A consensus on price increases across the entire tungsten product industry chain has been reached. Tungsten material, hard alloys, tungsten alloys, and other tungsten product enterprises have passively adjusted product prices in response to the significant increase in operating costs.

The quoted price for 65% black tungsten concentrates is around $18,857.1/ton, with holders still reluctant to sell and exploring higher intentions. The price of ammonium paratungstate is testing around $314.8/mtu, with the market following suit in exploring higher prices but profit margins still under pressure. Tungsten powder prices remain stagnant at $41.6/kg, while the price of tungsten carbide powder remains stagnant at around $41.0/kg. Merchants are relatively cautious in chasing price increases and are observing the market for purchasing and sales according to demand.

Prices of tungsten products on April 18, 2024

Picture of ferro tungsten 

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