Tungsten Market Stagnates Amid Supply-Demand Tug-of-War and Macro Challenges
- Details
- Category: Tungsten's News
- Published on Wednesday, 25 December 2024 18:24
Analysis of latest tungsten market from Chinatungsten Online
The tungsten market remains in a state of cautious stagnation, with transactions driven by on-demand purchases.
With declining ore grades and increased resource concentration, supply-side support remains relatively strong. For the demand side, the alloy industry's ongoing low-end homogenization competition continues to suppress purchasing demand and prices.
Macro Factors
The Christmas holiday overseas has led to a lull in trading, while the strong U.S. dollar has dampened sentiment in some commodity markets.
Market Overview
1.Tungsten Concentrate Market
The intention to stabilize the market is growing, with low-grade resources becoming scarce. However, higher prices face resistance. The market is holding steady at $20,070.4/ton, awaiting a pickup in downstream consumption.
2.Ammonium Paratungstate (APT) Market
Cost-side pressures are boosting market confidence, and negotiation sentiment has eased somewhat. Some offers have shown slight upward movement, though transactions remain delayed. The price is holding around $334.2/mtu.
3.Tungsten Powder Market
A challenging macroeconomic environment and intensified competition in the alloy sector have reduced consumer spending willingness. Buyers and sellers remain locked in negotiations, with tungsten powder prices steady at $44.5/kg and tungsten carbide powder at $43.8/kg.
4.Ferrotungsten Market
The tug-of-war between upstream and downstream continues, with external constraints raising market risk awareness. Transactions are primarily on-demand, with prices consolidating around $30,140.8/ton.
5.Recycled Tungsten Market
Consumption remains sluggish, and trade sentiment is under pressure. However, given the depletion of primary resources and the trend toward green development, the recycled resources industry holds significant potential.
Economic Outlook
On December 23, the Chinese Academy of Social Sciences released the "Economic Blue Book: Analysis and Forecast of China's Economic Situation in 2025" in Beijing. Key insights include:
2024 Economic Growth: Projected at 4.9%, with CPI growth of around 0.5%, aligning with target expectations.
2025 Goals: Recommended GDP growth target of 5%.
Policy Recommendations:
Strengthen proactive fiscal policies for greater efficiency.
Maintain moderately loose monetary policies.
Implement warm and inclusive social policies to enhance public satisfaction.
Introduce a comprehensive package of incremental policies to achieve the outlined objectives.
Prices of tungsten products on December 25, 2024
Picture of tungsten polymer rods
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