Ammonium Paratungstate (APT) Prices Remain Steady at the end of December 2024

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stable, with supply and demand conditions continuing to play out in a tug-of-war, and new orders at the end of the month showing limited activity. 

From a macro perspective, there is considerable uncertainty regarding the geopolitical and economic outlook, contributing to a cautious and rational market atmosphere with a lack of proactive transactions.

65% Black Tungsten Concentrate: Prices are stable at $20,422.5/ton, with limited enthusiasm from the consumer side. Suppliers' attempts to raise prices face difficulties in implementation, leading to a sideways market toward the end of the month.

Ammonium Paratungstate (APT): Prices remain steady at $337.4/mtu. There is a clear divide in confidence between buyers and sellers, and the market remains under pressure from backwardation. Price fluctuations are minimal, with focus on long-term contract executions.

Tungsten Powder: Priced at $44.9/kg, and tungsten carbide powder at $44.3/kg. The alloy industry is facing significant internal competition, and the acceptance of high-priced raw materials is limited, with the actual transaction situation still needing improvement.

70 Ferro-Tungsten: Prices hover around $30,281.7/ton. There are divergent expectations between supply-side costs and demand, with the market primarily focused on just-in-time procurement and limited transaction enthusiasm.

Scrap Tungsten: Prices for tungsten grinding scrap scrap tungsten rods are stable. Market sentiment is mixed, and the pace of transactions is relatively slow, with traders taking a cautious wait-and-see approach.

Prices of tungsten products on November 28, 2024

Picture of tungsten alloy block 

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