China Tungsten Prices Remained Stable in at the end of October 2024

Details: Category: Tungsten's News; Published on Tuesday, 29 October 2024 15:06

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained relatively stable, but market transactions were tepid.

Suppliers were unwilling to offer discounts for sales, while buyers showed weak purchasing sentiment. Tungsten companies released long-term orders to signal market stability, but the instability of the international environment impacted domestic economic recovery, leading to a back-and-forth in tungsten market trading and a prevailing cautious outlook.

The price of 65% black tungsten concentrate stabilized at around $20,434.8/ton, with firm support from the supply side. However, due to weak terminal restocking demand, market movement at high prices was slow, and overall trading confidence has cooled.

The price of ammonium paratungstate (APT) remained around $342.3/mtu, with insufficient domestic effective demand suppressing market trading confidence. Nonetheless, supported by cost factors, the space for market adjustment is currently limited, resulting in a sideways movement in the short term.

Tungsten powder prices stabilized around $45.1/kg, while tungsten carbide powder prices were about $44.3/kg. Due to weak feedback from the alloy sector, the market fundamentals are under pressure, leading to sluggish sales and a short-term sideways trading pattern.

The price of tungsten iron remained at $30,434.8/ton, with a strong atmosphere of market contention. Directional news remains unclear, with difficulties in sourcing resources at lower prices and limited willingness to sell, resulting in continued consolidation in the market.

The waste tungsten market has recently remained stable, with the raw material market having upward potential, but lacking corresponding demand. Recently, traders have shown weak purchasing enthusiasm, putting pressure on the recycled materials market, leading to stagnant trading conditions.

Prices of tungsten products on October 28, 2024

China tungsten price image