70% Ferro Tungsten Price Remained Flat Due to Lukewarm Demand

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices maintained a stable trend, with the market reflecting a tug-of-war between strong raw material prices and cautious demand, leading to continued stagnation in overall transactions.

The price of 65% black tungsten concentrate tested above $19,428.6/ton, with suppliers showing strong bargaining power. This is partly due to the impact of current policies and seasonal factors on mining operation rates, and partly due to expectations of tightening strategic resource supply chains and expanding demand potential in the future. However, due to weak demand at this stage, market transactions remain suppressed.

The price of ammonium paratungstate (APT) held steady at around $326.1/tmu. As the raw material segment attempted to push prices higher, smelters showed a strong willingness to follow suit, but downstream consumption showed little progress, and buyers remained cautious. The market's trading activity was limited, with little room for price adjustments, while participants awaited the latest long-term contract prices from major companies.

Tungsten powder prices were stagnant at around $43,285.7/ton, with tungsten carbide powder prices holding at around $42,571.4/ton. The difficulty in replenishing raw materials increased, and demand in sectors like hard alloys remained subdued. There was a divergence in trading confidence among participants, with both volume and price momentum facing obstacles.

The price of 70% ferro tungsten remained flat at around $29,571.4/ton, as global trade instability and industry cycle fluctuations led to firming costs while demand remained lukewarm. Recently, market participants adopted a wait-and-see attitude, and the market showed no significant fluctuations.

Waste tungsten prices were also influenced by the combined effects of raw material supply and downstream demand, with a dominant atmosphere of stalemate and negotiation. While price quotes edged higher, transaction volumes remained limited.

Prices of tungsten products on August 20, 2024

Picture of tungsten alloy blocks 

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