Tungsten Prices Remain Stable as the Mid-Autumn Festival Approaches

Analysis of latest tungsten market from Chinatungsten Online

As the Mid-Autumn Festival approaches, tungsten prices remain stable, while market trading sentiment appears somewhat subdued. 

Suppliers show some willingness to sell, but are offering few discounts, while buyers' activity is limited, and purchase prices are still under negotiation. Overall, transactions in the tungsten market are cautious and low in volume.

The price of 65% black tungsten concentrate remains firm at $19,857.1/ton, with the industry maintaining reasonable profits and positive outlooks for the future. Short-term adjustments are being made to maintain rational sales.

Ammonium paratungstate (APT) prices are stable at around $332.5/mtu, with cautious negotiations between buyers and sellers. The profit margin is limited, and there is a prevailing sentiment of risk aversion and wait-and-see in the market.

Tungsten powder prices are holding steady at $44.3/kg, with tungsten carbide powder at around $43.6/kg. The powder market is primarily driven by the difficulty in raw material procurement and the level of alloy consumption activity. Supply and demand remain in a tight standoff, with traders adjusting based on market conditions.

The price of ferrotungsten (70% grade) hovers around $30,000.0/ton. The fluctuations in raw tungsten prices are minimal, and demand for high-performance alloy steel has seen limited growth, resulting in lukewarm market sentiment and stable prices.

The scrap tungsten market is under pressure, mainly due to shifts in the tungsten raw material price cycle and relatively weak demand, leading to increased market pressure and sellers offering discounts.

According to a report by Shanghai Securities News, in August, major manufacturing companies sold 14,647 excavators, an increase of 11.8% year-on-year. Of these, 7,953 units were exported, a year-on-year increase of 6.95%. After 14 months, the year-on-year growth rate of excavator exports has returned to positive territory.

Prices of tungsten products on September 14, 2024

Picture of tungsten heater

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