65% Wolframite Concentrate Is Weak in China on Weak Demand

Details: Category: Tungsten's News; Published on Friday, 21 June 2024 15:51

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are in a negative decline cycle, and the current status of market supply and demand game remains.

The recent high temperature and rainy off-season in China has affected the output of market resources and the release of demand. The trading atmosphere of the industrial chain is deadlocked, and the long-term contract prices of major tungsten companies are on the sidelines.

The price of 65% wolframite concentrate is weak at around $20,857.1/ton. Some traders are still making concessions to ship goods, while downstream users are negotiating prices on demand, and the market transaction volume and price are hindered.

The price of ammonium paratungstate (APT) is deadlocked at around $350.3/mtu. The overall weak market atmosphere has affected the consumption initiative of buyers, and the factory operation rate has recovered to a limited extent.

The price of tungsten powder hovers around $47,142.9/ton, and the price of tungsten carbide powder is adjusted to around $46,428.6/ton. The purchasing momentum of the alloy end is insufficient, and the weak balance of market supply and demand is maintained. The powder market is under pressure in the short term.

The price of 70 ferro tungsten is consolidating at around $31,857.1/ton. The game between upstream and downstream is intensified. The high temperature off-season suppresses some consumer confidence. The market wait-and-see sentiment is maintained, and the market is weakly stable.

The price of scrap tungsten bars is deadlocked. The price difference between merchants' quotations is obvious. Consumers have little intention to replenish inventory. The market is mainly negotiated on demand, and the market is under pressure to negotiate.

Prices of tungsten products on June 21, 2024

APT price image