Tungsten Market Update: Stability with Mixed Sentiment

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain stable as primary markets show signs of recovery and increased willingness to explore higher prices. 

Buyer inquiries for pre-holiday restocking have risen, but concerns over limited funds before the New Year holiday and weak future demand are dampening actual transaction activity. The market atmosphere is largely one of negotiation and observation.

Price Highlights:

65% Black Tungsten Concentrate: Prices are around $20,140.8/ton. Limited supply has led sellers to hold firm on prices, with a strong reluctance to sell. However, high-price transactions are facing resistance.

Ammonium Paratungstate (APT): Prices are reported at $335.8/mtu. While high production costs support a stable price floor, weak supply-demand dynamics are curbing transaction volume, resulting in a tug-of-war between bullish and bearish sentiments.

Tungsten Powder: Priced at $44.5/kg, and Tungsten Carbide Powder at $43.8/kg. The hard alloy industry's intense internal competition is suppressing raw material costs. Supply and demand remain in a state of negotiation, with pre-holiday transaction sentiment stagnant.

70% Ferro-Tungsten: Prices stand at $30,140.8/ton. The market remains calm with minimal external influences, and participants are mostly in a wait-and-see mode, keeping transactions steady and demand-driven.

Scrap Tungsten: Quotes have seen slight activity, supported by stable raw material prices and expectations of pre-Chinese New Year restocking. However, weak demand persists, and the overall market remains cautious.

Macroeconomic Update:

The National Housing and Urban-Rural Development Work Conference was held in Beijing from December 24 to 25. Key initiatives for 2025 aim to stabilize the real estate market:

Demand Activation:

Fully implement existing and new policies, including the "Four Cancellations, Four Reductions, and Two Increases." 

Strongly support rigid and improved housing demand.

Enhance the role of the housing provident fund.

Accelerate the renovation of urban villages and old, dilapidated housing, with a focus on projects with high public support. Expand urban village renovations beyond an additional 1 million units to address safety concerns and improve living conditions.

Supply Improvement:

Strictly control new property additions, optimize existing stock, and improve quality.

Match housing supply to demand, with increased provision of affordable housing.

Strengthen efforts on allocation-based housing to help new citizens, young people, and migrant workers achieve stable living conditions.

Prices of tungsten products on December 27, 2024

Picture of tungsten alloy rollers 

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