The Price of Ammonium Paratungstate (APT) Fell Below $355.1/mtu

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are generally in a weak and stable state. The recent market news is relatively under pressure, especially the long-term contract prices of some large tungsten companies are weaker than expected, which has led to a cooling of market sentiment and capital, and the spot demand purchase volume and price are under pressure.

The price of 65% black tungsten concentrate fell below $21,428.6/ton. The market buying and selling psychological price has long diverged, which has suppressed overall transactions. The recent buyer's bearish atmosphere is relatively dominant. In June, many areas of China entered the main flood season, and waited and saw the impact of natural climate factors such as high temperature and floods on the tungsten resource supply chain.

The price of ammonium paratungstate (APT) fell below $355.1/mtu. The market start-up and consumption enthusiasm continued to be under pressure. Spot transactions were mainly based on long orders. The overall transaction atmosphere was sluggish. Pay attention to the long-term performance of two tungsten companies in Jiangxi.

The price of tungsten powder is stuck at around $47.6/kg, and the price of tungsten carbide powder is stuck at around $46.9/kg. The market's active purchasing enthusiasm is not high. Due to the fact that the domestic policy effect of stimulating consumption has yet to be further released, coupled with the complex external geopolitical environment and the impact of the high temperature and rainy off-season in June, the demand feedback on the cemented carbide side is not good.

The price of 70 ferrotungsten is stuck at around $32,142.9/ton. The recent downstream customer purchasing demand and enthusiasm are relatively flat. The market fundamentals are under pressure, and the raw material market is under pressure.

In the scrap tungsten market, the loosening of raw material costs and the bidding of local traders have put pressure on the overall scrap tungsten market performance, and the on-site sales are slightly sluggish.

Prices of tungsten products on June 20, 2024

Picture of tungsten wires 

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