Tungsten Powder Prices Are Holding Steady with Quiet Market

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to stabilize, with no significant changes in the supply structure. Demand potential has yet to be fully realized, and resources at the mining level remain tight. 

APT and tungsten powder manufacturers are cautious in their production plans, while the alloy sector faces homogeneous competition. 

Overall, the fundamental aspects of the tungsten market are in a tug-of-war, compounded by the coexistence of external environmental incentives and various uncertainties. Market participants still have divergent expectations for future trends, with a prevailing atmosphere of caution ahead of the National Day holiday.

The price of 65% black tungsten concentrate remains at $19,855.1/ton, with suppliers holding a cautiously optimistic outlook on the market's prospects. Recently, there has been an increased intention to hold back sales to support prices, but pre-holiday stocking demand has been limited, leading to low market trading activity. 

Ammonium paratungstate (APT) prices are consolidating around $334.1/mtu. While the cost support base remains relatively solid, market demand drivers are limited, resulting in restricted price fluctuations, and some upward intentions lack concrete transactions.

Tungsten powder prices are holding steady around $44.6/kg, while tungsten carbide powder is priced at about $43.9/kg. The market continues to show a stalemate between supply and demand, lacking a clear upward or downward trend. Participants are still monitoring developments on the consumption side, with cautious sentiments prevailing regarding market entry.

On the macroeconomic front, according to statistics from the National Bureau of Statistics, from January to August, nationwide large-scale industrial enterprises achieved a total profit of 46,527.3 billion yuan, a year-on-year increase of 0.5%. Operating revenue reached 87.10 trillion yuan, up 2.4% year-on-year. By the end of August, the asset-liability ratio of large-scale industrial enterprises was 57.6%, down 0.2 percentage points year-on-year.

Prices of tungsten products on September 30, 2024

Picture of tungsten alloy parts 

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