Stability in Tungsten Prices Amidst Supply and Demand Stalemate

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price remains stable, with demand continuing to be sluggish, affecting the tungsten raw material market. 

However, support from the supply side and market sentiment is gradually strengthening. Recently, the market has shown increased stability, with transaction volumes and prices showing no significant fluctuations. Most transactions are long-term agreements or necessity purchases, and industry players maintain a cautious outlook, with overall market activity being moderate.

In the tungsten concentrate market, high-grade prices are stable around $18,571.4/ton. There is a reduced willingness to sell at lower prices, with some holding out for higher prices. However, downstream acceptance is still lacking, and orders are limited.

In the ammonium paratungstate (APT) market, the supply-demand stalemate continues, with prices holding around $314.8/mtu. Market participants mostly adopt a wait-and-see attitude, with an increasing intention to stabilize the market, awaiting supportive news.

In the tungsten powder market, the previous downward trend in upstream prices is still being reflected downstream, coupled with relatively weak consumption. The market is under pressure, with tungsten powder prices falling below $42,857.1/ton, and tungsten carbide powder prices testing below $42,142.9/ton. 

In the ferrotungsten market, there is a struggle between weak demand and supply support, with market uncertainties present. Transaction activity is not high, and the price of 70 ferrotungsten is consolidating around $29,571.4/ton. 

In the scrap tungsten market, the intention to stop price declines in raw tungsten limits further price drops in scrap tungsten. The off-season atmosphere on the demand side persists, and suppliers are cautious about selling. The overall supply-demand situation remains stalemated, with the market temporarily stable and awaiting further developments.

Prices of tungsten products on July 26, 2024

Picture of tungsten pins 

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