China’s Tungsten Powder Prices Hold Steady Affected by Quiet Market

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium paratungstate (APT) prices hold steady when market transactions remain stagnant and quiet, with negotiation pressure slightly increasing. 

The supply-demand dynamics remain in a state of stalemate and cautious competition. Tungsten mines have limited willingness to sell at lower prices, while higher price levels face resistance. Refineries, under cost pressures, are cautiously following market trends. Tungsten chemical and powder product prices remain stable, but downstream terminal purchasing enthusiasm is weak. Market orders are sparse, and negotiations are primarily driven by essential demand.

On the macroeconomic front, market sentiment remains sensitive and volatile, given the instability of external economic conditions. In particular, uncertainties surrounding major power competition and geopolitical risks have prompted market participants to adopt a conservative, wait-and-see attitude.

The final round of long-term contract prices from tungsten enterprises for 2024 has drawn widespread attention. Based on the prices released so far, most market participants appear inclined to stabilize the market at year-end.

Regarding the U.S. plan to impose Section 301 tariffs on tungsten products, polysilicon, and other goods imported from China starting in 2025, a spokesperson for China's Ministry of Commerce reiterated that China consistently opposes unilateral tariff measures and has repeatedly lodged solemn representations with the U.S. The WTO has long ruled that U.S. Section 301 tariffs violate WTO rules. The U.S.'s decision to raise tariffs is a further mistake. Such measures will not resolve U.S. trade deficits or improve industrial competitiveness but will instead exacerbate domestic inflation, harm American consumers, and severely disrupt international trade order and the stability of global supply chains. The U.S. should immediately correct its wrongful actions and lift the tariffs on Chinese goods. China will take necessary measures to resolutely safeguard its legitimate rights and interests.

According to data from the National Bureau of Statistics, in November: the value-added output of large-scale industries increased by 5.4% year-on-year; total retail sales of consumer goods grew by 3.0%; the service sector production index rose by 6.1%.

From January to November: the value-added output of large-scale industries grew by 5.8% year-on-year; fixed asset investment increased by 3.3%, with real estate development investment declining by 10.4%. In November, the nationwide urban surveyed unemployment rate was 5.0%, unchanged from the previous month.

Prices of tungsten products on December 18, 2024

Picture of tungsten alloy plates 

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