Tungsten Powder Prices Are Holding Steady in the Middle of October 2024

Details: Category: Tungsten's News; Published on Friday, 18 October 2024 15:55

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continue to consolidate in a horizontal range, with intensified market competition.

The supply side is reluctant to sell, and buyers are cautious in negotiating prices, leading to a generally stagnant trading atmosphere. Attention is focused on the tungsten companies' long-term pricing in the second half of the month, as well as updates on macroeconomic news.

The price of 65% black tungsten concentrate is around $20,434.8/ton. The market faces certain demand pressure, but the tight resource trend still supports the sellers' reluctance to sell and the market price focus. There is caution regarding the risk of traders taking profits in the future.

Ammonium paratungstate (APT) prices are encountering resistance at the $343.9/mtu level. Although the smelting companies' production capacity plans are continuously rising, the overall operating rate remains low due to demand constraints and industry profitability issues, leading to cautious short-term price fluctuations based on fundamentals.

Tungsten powder prices are holding steady at around $45.1/kg, while tungsten carbide powder is reported at approximately $44.3/kg. The instability of downstream demand and international trade relations continues to affect the consumption enthusiasm in the alloy sector. Recently, the powder market has been stagnant after an upward trend, with low trading activity.

The price of 70% ferro tungsten is reported at around $30,434.8/ton, with the mining end holding steady at high levels. Steel mills are restocking as needed, and the overall trading rhythm in the market is lukewarm, with short-term prices remaining stagnant.

Waste tungsten prices are running steadily for now, with market sentiment cooling somewhat in line with the macroeconomic situation and supply-demand stalemate. Downstream terminals maintain a pace of just-in-time procurement, while traders are observing and stabilizing in the short term.

Prices of tungsten products on October 18, 2024

APT price photo