Ferro Tungsten Price Remains Stable with Market Transactions Being Lukewarm

Analysis of latest tungsten market from Chinatungsten Online

The trend in tungsten prices shows divergent movements.

 On one hand, tight supply at the raw material level and positive expectations have strengthened suppliers' willingness to hold onto their stock. On the other hand, demand during the peak season has not met expectations, and the complex and changing macroeconomic environment has increased uncertainties regarding economic and consumption recovery, leading to a cautious trading atmosphere in the tungsten market, with overall negotiations experiencing a tug-of-war.

The price of 65% black tungsten concentrate remains stable around $20,434.8/ton, with the market supply maintaining a tight condition. However, buyers are cautious due to demand resistance, which affects the effective release of transaction volumes.

The price of ammonium paratungstate (APT) is around $340.6/mtu, with divergent market trading confidence. Some producers have slightly raised their prices due to cost pressures, while others have chosen to lower prices to facilitate sales, resulting in ongoing negotiations in the market.

The price of tungsten powder remains at around $45.1/kg, while tungsten carbide powder is reported at approximately $44.3/kg. There is significant cost support, but the insufficient release of demand in the hard alloy market leads to generally cautious purchasing strategies. Powder companies face dilemmas, primarily guided by market sentiment.

The price of ferro tungsten remains around $30,434.8/ton, with market transactions being lukewarm. Influenced by fluctuations in raw material prices and downstream demand, participants are cautious about future market conditions, with transactions centered on essential needs and a lack of clear upward momentum.

The scrap tungsten market is stagnant, with limited expansion and recovery rates in the recycling market providing relatively strong support for supply. However, downstream customers face an unstable external environment and ongoing fluctuations in raw material prices, resulting in limited purchasing initiative overall. The market atmosphere is generally weak, with a watchful sentiment as the month draws to a close.

Prices of tungsten products on October 31, 2024

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