The Price of Ferro Tungsten Is Stable with Limited Feedback on Market Demand

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are holding steady, with strong quotations from the mining sector, but demand remains relatively sluggish. 

Recently, market sentiment has become cautious, with both buyers and sellers adopting a wait-and-see approach, leading to a stalemate in transactions. Attention is focused on pricing from institutions and companies after the month-end rollover. 

The price of 65% black tungsten concentrate remains above $20,290.0/ton, as suppliers are still optimistic about future market conditions, which keeps resources tight. However, there has been no significant improvement in downstream demand, resulting in low purchasing activity and a generally subdued trading atmosphere.

Ammonium paratungstate (APT) prices are stabilizing around $340.6/mtu. Influenced by tight upstream supply and weak downstream demand, companies have unclear expectations for the future, resulting in cautious trading and transactions primarily based on actual needs.

Tungsten powder prices are stable at around $44.9/kg, while tungsten carbide powder is priced at about $44.2/kg. The demand in the hard alloy market is weak, and there is low willingness to procure and stock raw materials, leading to a prominent contradiction between costs and demand, with prices remaining stagnant.

The price of ferro tungsten is reported at around $30,434.8/ton, with limited feedback on market demand. However, the sentiment from the mining sector supports downstream tungsten product prices, which have not shown significant fluctuations. Participants are operating cautiously amid industry chain negotiations.

The waste tungsten market is also in a wait-and-see mode, deeply entrenched in a stalemate between supply and demand. There is poor trading activity, and recent fundamental and macroeconomic directional news has been limited, contributing to a strong wait-and-see sentiment among market players.

Prices of tungsten products on October 30, 2024

Picture of tungsten rods 

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