China Tungsten Prices Were Sideways at the end of June 2024

Details: Category: Tungsten's News; Published on Tuesday, 25 June 2024 18:04

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices were sideways on Monday, and the market stability signal has not yet been clear. Due to the low initiative of downstream users in the industrial chain to purchase and stock up due to cost and demand factors, the atmosphere of profit-taking in the raw material market still exists. The short-term tungsten market is still under pressure, and the news is updated.

The price of 65% black tungsten concentrate is deadlocked at around $20,857.1/ton. In the deadlock situation of supply and demand, the market is playing a game of supporting the market and giving profits, and trading is under pressure and waiting.

The price of ammonium paratungstate (APT) is deadlocked at around $350.3/mtu. There is still a gap between the psychological prices of buyers and sellers. The spot purchase and sales atmosphere is cold, and the smelter's start-up plan is cautiously adjusted.

The price of tungsten powder is deadlocked at around $47,142.9/ton, and the price of tungsten carbide powder is deadlocked at around $46,428.6/ton. The demand for replenishment and stocking on the alloy side is general, which affects the market's poor trading willingness. In the short term, the market is mainly based on demand and wait-and-see mentality.

The price of 70 ferrotungsten is stuck at around $32,000.0/ton, the market consumption momentum is limited, the recent bearish atmosphere on the tungsten raw material side is transmitted to the back end, the trading on the market is light, and the market is weak and stable.

The price of scrap tungsten bars is stuck at around $29.3/kg, the market demand is not active, the supply sentiment tends to be cautious, the overall transaction orders are limited, and the fundamental game situation is wait-and-see.

Prices of tungsten products on June 25, 2024

China tungsten price image