Continued Decline in Tungsten Price Amid Low Trading Activity

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price continues to decline, mainly due to the recent selling intentions on the supply side and the bargaining sentiment on the demand side, putting pressure on the market fundamentals. 

The price of 65% black tungsten concentrate has adjusted to $20,571.4/ton. Purchasers are exerting significant pressure to lower prices, leading to a divergence from suppliers' expected prices. As a result, the volume and price of market transactions are hindered, and trading is weak and stable. Attention is on the impact of recent natural climate factors on resource volumes.

Ammonium paratungstate (APT) prices have adjusted to $345.4/mtu, with some easing in raw material cost pressures. Downstream demand in the industry chain is relatively weak, and smelters' enthusiasm for production is not high, leading to external quotations being under pressure and stagnating in the short term.

Tungsten powder prices are holding at around $46,571.4/ton, and tungsten carbide powder prices are at around $46,000.0/ton. The market is relatively sluggish, dominated by changes in supply and weak demand. There is no significant improvement in consumption in the hard alloy sector, and the overall market bargaining focus has shifted downwards.

The price of 70% ferrotungsten is holding at around $31,571.4/ton. The upstream atmosphere in the industry chain is slightly weak, and downstream consumption is lukewarm, leading to market conditions being under relative pressure and adjustment.

The price of scrap tungsten rods is hovering around $28.6/kg. There are still significant differences in market quotations, with cautious sentiment dominating among traders, resulting in limited overall trading activity.

Prices of tungsten products on June 28, 2024

Picture of tungsten round bars  

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