Ammonium Paratungstate Prices Are Holding Steady Under Strong Support of Upstream Prices
- Details
- Category: Tungsten's News
- Published on Friday, 16 August 2024 16:28
Analysis of latest tungsten market from Chinatungsten Online
Tungsten prices are holding steady, with industry participants adopting a wait-and-see approach.
Factors being closely monitored include changes in new long-term contract prices from major tungsten enterprises, the shift in actual market demand from the off-season to the peak September season, changes in supply measures and export demand in a complex trade environment, price levels under loose monetary policies, and fluctuations in consumer confidence influenced by the U.S. economy.
The price of 65% black tungsten concentrate is holding firm at around $19,285.7/ton. Suppliers are maintaining a strong stance on prices, while consumers remain passive in their off-season purchases. The market is expected to trend slightly stronger in the short term, but the upward movement is limited, and transactions are still at a stalemate.
Ammonium paratungstate (APT) prices are consolidating around $322.8/mtu. Market confidence has slightly improved under the support of strong upstream prices, but the off-season demand situation has not significantly changed, limiting the market's room for adjustment.
Tungsten powder prices are steady at around $42,857.1/ton, while tungsten carbide powder prices are holding at approximately $42,142.9/ton. Some traders report a slight increase of $0.7/kg in actual transactions. Market confidence is divided, with optimism driven by raw material costs, downstream demand, and cautious factory operations, while pessimism stems from continued weak consumer demand.
The price of 70% ferrotungsten is hovering around $29,571.4/ton. The market is generally resistant to price drops due to tightened raw material availability and cost support, though downstream consumption is limited. Recent transactions have mainly involved cautious negotiation and consolidation.
Prices for tungsten scrap materials have seen a slight upward trend, with the market entering a phase of rebound in late July. However, the catalysts for demand-driven growth are limited, so the overall market has faced obstacles in further price increases. The current trend is expected to continue with a focus on the supply-demand dynamics.
Prices of tungsten products on August 16, 2024
Picture of ammonium paratungstate
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