The APT Price Declined with Market Transactions Under Pressure

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price continues to decline, with various stages of the industry chain still under considerable pressure, mainly due to weak demand. Buyers are purchasing as needed and negotiating prices accordingly, while sellers are cautiously reducing their willingness to offer discounts. 

The overall trading atmosphere in the market remains tense and pressured, with further confirmation of a bottom still needed.

The price of 65% black tungsten concentrate remains at around $18,714.3/ton. Recent high temperatures and heavy rainfall have had limited impact on the fundamentals. The overall market sentiment is still predominantly bearish, suppressing negotiation confidence and market stabilization efforts.

The APT price has adjusted to around $316.4/mtu, with market transactions under pressure. Recently, weak sentiment has been evident, with buyers' purchasing enthusiasm affected by the uncertainty in raw material availability, leading to a lack of confidence in market trading.

Tungsten powder prices have adjusted to around $43,571.4/ton, while tungsten carbide powder remains at around $42,857.1/ton. Feedback from alloy and downstream users remains unenthusiastic, with new purchase negotiations generally cautious and the market under pressure to adjust.

The price of 70% ferrotungsten is consolidating at around $29,714.3/ton. Market negotiations are based on rigid demand, with overall trading activity moderate. Participants maintain a cautious attitude, waiting for external factors to drive market changes.

The situation in the scrap tungsten market remains weak and stable. Downstream demand in the industry chain is not strong, market liquidity is poor, and transactions are mainly based on rigid demand, with limited overall transaction volume and a cautious outlook.

Prices of tungsten products on July 19, 2024

Picture of tungsten plates 

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