China Tungsten Prices Stay Stable Amid Weak Demand and Cautious Sentiment

Details: Category: Tungsten's News; Published on Tuesday, 24 September 2024 17:35

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained in a stable and wait-and-see phase. Market participants, while optimistic about the industry's prospects amid a gradually improving global liquidity environment, are still cautious about the ongoing constraints posed by insufficient effective demand, which continues to hinder a full economic recovery. The tungsten market remains in a delicate balance between supply and demand.

On the supply side, there is growing sentiment to stabilize the market and halt further declines, while demand remains sluggish, leading to a short-term divergence of opinions among market participants.

The tungsten concentrate market remains largely stable, with high-grade sources holding firm around $19,571.4/ton. Market supply is relatively limited, and traders are cautious in their purchases, leading to a stalemate in overall market activity.

Ammonium paratungstate (APT) prices are hovering around $329.3/mtu, and efforts to reduce inventory and offer discounts have not effectively stimulated consumer buying interest. The lackluster purchasing atmosphere continues to suppress price negotiations.

Tungsten powder prices are steady at around $44.0/kg, while tungsten carbide powder is priced around $43.3/kg. Traders are closely watching the liquidity conditions in the alloy market, with limited trading volume, leading to a sideways trend in prices.

The price of 70% ferrotungsten is around $29,857.1/ton, with issues persisting on both the supply and consumption sides of the market. Recent trends indicate a narrow-range consolidation with cautious sentiment prevailing, as participants await cost fluctuations.

Scrap tungsten prices remain weak and stable, with limited buying initiative from traders. Overall, consumer market activity is subdued, and most negotiations revolve around price discussions.

Prices of tungsten products on September 24, 2024

China tungsten price photo