Ammonium Paratungstate (APT) Prices Stabilize as Market Trading Sentiment Remains Cautious

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price exhibits a sideways consolidation pattern, with the market lacking clear momentum for a bottom rebound. 

The consumption side continues to show weakness, while the tungsten raw material end, due to shrinking profits, has an increasing intention to stabilize the market. Effective transactions are scarce, and a cautious and wait-and-see atmosphere has recently increased.

High-grade tungsten concentrate prices are consolidating at $18,571.4/ton. Since June, as profit margins for miners have continued to erode, the intention to stabilize the market has increased. However, downstream transaction cooperation remains low, with limited transaction volume in the market.

Ammonium paratungstate (APT) prices are hovering around $314.8/mtu. Market trading sentiment remains cautious, and the supply-side signals to stabilize the market are not strong. The purchasing initiative on the consumption side is lacking. Under the tug-of-war between buyers and sellers, transactions are mainly based on long-term contracts, and the scope for price adjustment is narrowing.

Tungsten powder prices are consolidating around $43.3/kg, and tungsten carbide powder prices are steady at approximately $42.6/kg. Market operations follow rigid demand guidance, with few bulk orders. The alloy end maintains a wait-and-see attitude, awaiting new driving forces to stimulate activity.

Ferrotungsten prices remain stable, with the reference level hovering around $29,571.4/ton. The upstream and downstream of the industry chain maintain a stalemate, with cautious negotiation processes for spot transactions. Participants generally adopt a conservative strategy, waiting for clearer market directions.

Scrap tungsten rod prices remain around $28.1/kg. The weak consumption market results in a lethargic trade atmosphere, with low buying and selling enthusiasm, leading to a market that is consolidating based on demand.

Prices of tungsten products on July 25, 2024

Picture of tungsten needles 

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