Continued Weak Trend in China Tungsten Prices Amid Cautious Market Activity

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are showing a continued weak and stable trend. Sellers are actively looking to cash in on profits, while traders are wary and keen on negotiating, leading to limited market activity and a weak demand atmosphere impacting the overall tungsten market.

The price of 65% black tungsten concentrate is holding steady at around $19,571.4/ton. Both buyers and sellers are cautious and adopting a wait-and-see approach, with a lack of clear trading signals recently and overall pressure on sales volume and prices.

Ammonium paratungstate (APT) prices are steady at around $332.5/mtu. Due to weak downstream demand, market activity is low. The recent market focus is largely guided by the long-term purchase prices from a few representative tungsten enterprises, indicating a slight downward trend.

Tungsten powder prices are consolidating at around $45.0/kg, while tungsten carbide powder prices are consolidating at around $44.4/kg. Alloy manufacturing enterprises have low enthusiasm for raw material procurement, mainly due to weak demand for end products and cost control considerations, resulting in low market activity and a short-term sideways trend.

70% ferro-tungsten prices are holding steady at around $30,714.3/ton. The upstream and downstream sectors of the industry chain are showing signs of weakness, affecting market sentiment for ferro-tungsten. Market transactions are relatively quiet, with participants cautiously awaiting updates.

The price of scrap tungsten bars is holding steady at around $28.6/kg. Market participants are recently cautious and under pressure, with weak demand being the main bearish factor. The supply-demand imbalance is prominent, and the market lacks strong support in the short term, leading traders to adopt a conservative buying and selling strategy.

Prices of tungsten products on July 10, 2024

Picture of tungsten plates 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >