China Tungsten Prices Remained Stable on Tight Supply

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable, with the market supply side continuing to show tight conditions, while demand remained relatively subdued. 

Overall trading activity was light, with buyers and sellers negotiating cautiously based on their needs. End-of-month sentiment was dominated by wait-and-see attitudes, lacking significant momentum for price increases or decreases.

Tungsten Concentrates Market

In the tungsten concentrates market, declining grades of old mines and the scarcity of new discoveries, combined with expectations of increased demand for safe-haven assets, have led miners to maintain a bullish stance on tight supply and firm prices. However, demand-side resistance has dampened buyers' willingness to purchase, leaving high-grade black tungsten concentrates prices stagnant at around $20,352.1/ton. 

Ammonium Paratungstate (APT) Market

In the APT market, rising costs have pushed up supplier quotes, but demand-side pressure has constrained transaction volumes and prices. The market faces clear margin squeeze challenges, and short-term sentiment remains cautious with a focus on price stability. The market currently holds steady at around $337.4/mtu. 

Tungsten Powder Market

In the tungsten powder market, price support stems from cost pressures, but downstream consumer enthusiasm for buying remains limited. Orders for hard alloys and related products appear insufficient. Market trade strategies remain cautious and demand-driven, with tungsten powder prices at $44.9/kg and tungsten carbide powder prices stable at $44.2/kg. 

Ferro-tungsten Market

In the ferro-tungsten market, raw material costs and steel bidding news have been relatively stable. The market exhibits a strong wait-and-see sentiment, with pricing strategies aligning with current conditions. The price for 70% ferro-tungsten is steady at around $30,281.7/ton. 

Recycled Tungsten Market

In the recycled tungsten market, tight supply and firm pricing of primary materials have fostered bullish sentiment for recycled materials. However, there have been no substantial changes on the demand side, and transactions remain limited to essential needs. Overall liquidity in the market remains low.

Prices of tungsten products on November 26, 2024

Picture of tungsten alloy collimator

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