Tungsten Powder Price Remains Stable in the Chinese Market

Details: Category: Tungsten's News; Published on Thursday, 05 September 2024 17:55

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are stabilizing, with the Chinese market fundamentals still showing a tight supply and weak demand. Most spot trading is characterized by a standoff between buyers and sellers.

The anticipated "Golden September" demand has not yet materialized, and the conservative feedback from long-term contracts of smelting companies has led to a temporary bottleneck in suppliers' bullish sentiment. Some profit-taking sales have weakened the supply-side support, while buyers have increased their bargaining power and are cautiously purchasing based on actual needs, resulting in a somewhat pressured and stagnant market atmosphere.

The price of 65% grade black tungsten concentrate remains stable at around $20,142.9/ton. The tight supply of resources at the mining end shows strong resistance to price declines, but further upward momentum is limited by demand constraints, leading to slow market sales.

The price of ammonium paratungstate (APT) has slightly adjusted to around $335.8/mtu. The market focus is influenced by the procurement prices of long-term contracts from major tungsten companies, which puts pressure on the profit margins of smelters, making overall transactions more cautious.

Tungsten powder price remains at around $44.6/kg, and tungsten carbide powder is priced at around $43.9/kg. There are some differences in market confidence, and the market is currently in a holding pattern, awaiting further clarity on price forecasts and supply-demand news from institutions.

The price of 70% ferrotungsten is consolidating around $30,142.9/ton. While raw material costs remain firm, demand is relatively weak, compounded by external risk factors, leading traders to maintain a cautious, needs-based approach.

In the scrap tungsten market, the bargaining range has slightly widened, but overall trading volume remains limited. Both buyers and sellers are in a standoff, closely monitoring changes in the raw material market and demand in the alloy sector.

Prices of tungsten products on September 5, 2024

China tungsten price image