China Tungsten Prices Continue Weak Consolidation Amid Market Stalemate

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are showing a continued weak consolidation trend, reflecting the complex emotions of traders amid a market stalemate and wait-and-see attitude. 

Sellers are divided on maintaining market stability due to resistance in resource output and cost pressures, while buyers have weak overall purchasing intentions due to off-season sentiment and bearish attitudes. Market demand remains poor, and the overall trend is still under pressure.

The price of 65% black tungsten concentrate remains around $19,428.6/ton. The lack of consensus on the psychological price levels between buyers and sellers affects overall trading activity. Miners have gradually reduced their price concessions, and market transactions are mostly conservative and on-demand.

The price of ammonium paratungstate (APT) has weakened to $330.9/mtu, influenced by the relatively sluggish consumer market. Buyers generally bargain for lower prices, suppressing the market focus and maintaining a stalemate atmosphere in negotiations.

The price of tungsten powder has been adjusted to $45,000.0/ton, and tungsten carbide powder to $44,000.0/ton. Market demand remains weak, with alloy orders generally low. Traders operate on a just-in-time basis, and the overall trend is under pressure.

The price of 70% tungsten iron remains at $30,571.4/ton. Due to loosening raw material prices and cooling downstream consumption, overall market trading activity is low, and the market cautiously adjusts accordingly.

The price of scrap tungsten rods remains around $28.6/kg. Market consumption power is limited, with traders cautiously holding onto goods. Recently, the overall atmosphere of inquiries and negotiations is stalemated and under pressure, with participants waiting for updates on the fundamental situation.

Prices of tungsten products on July 11, 2024

Picture of tungsten plates 

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