Ferro Tungsten Prices Keep Stable As Core Demand Remains Steady

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remained stable with a firmer trend, primarily driven by increased market sentiment to hold prices firm on the raw material side. 

Downstream demand has yet to meet expectations, and market participants are observing the pre-Spring Festival restocking cycle closely. Overall, the tungsten market continues to see muted trading activity, with negotiations centered around stable price support.

65% Black Tungsten Concentrate: Prices were quoted at $20,140.8/ton. Market supply remains tight, but downstream buyers are cautious due to high prices, leading to limited purchases. Transactions are mostly negotiated based on demand.

Ammonium Paratungstate (APT): Prices were reported at $335.8/mtu. While cost support is strong, downstream demand remains unclear, resulting in mixed confidence among suppliers. Sales activity is relatively slow.

Tungsten Powder: Prices held at $44.5/kg, with tungsten carbide powder at $43.8/kg. Marginal supply and demand dynamics require further improvement. Participants are awaiting positive signals from macroeconomic policies, but cautious sentiment prevails, and spot transaction volumes remain low.

Ferro Tungsten (70%): Prices stood at $30,140.8/ton. Core demand remains steady, with cautious restocking behavior. Market players are closely monitoring changes in raw material markets and external instability factors, keeping recent price movements in a narrow range.

Scrap Tungsten: Prices stayed within a limited range. While sentiment in the primary tungsten market is somewhat stronger, weak demand offers little support for driving the trend. Year-end trading activity remains subdued, with the market in a wait-and-see mode and prices holding steady.

Prices of tungsten products on December 26, 2024

Picture of barium tungsten cathodes 

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