China Tungsten Prices Remained Stable on the First Trading Day of the Year 2025

Details: Category: Tungsten's News; Published on Monday, 06 January 2025 11:36

Analysis of latest tungsten market from Chinatungsten Online

On the first trading day of the year 2025, China tungsten prices remained stable overall. The key factors influencing the market are the supply-demand dynamics and external uncertainties.

The current market fundamentals are delicately balanced, with macroeconomic updates pending. Cautious sentiment dominates among traders, and actual transaction volumes are modest, awaiting the release of guiding prices from institutional observers and tungsten companies.

65% Black Tungsten Concentrate Prices are quoted at $20,140.8/ton. Suppliers are generally optimistic about price increases, while buyers are hesitant and purchasing cautiously as needed. The cost foundation across the industry chain remains relatively firm, leading to slow transaction releases.

APT (Ammonium Paratungstate) Prices are quoted at $340.6/mtu. High production costs persist, and demand growth remains insufficient. The supply-demand imbalance is challenging to resolve, with smelters adopting cautious production strategies. Prices are temporarily stable, following market trends.

Tungsten Powder Prices are quoted at $44.5/kg, and Tungsten Carbide Powder Prices are quoted at $43.8/kg. Market confidence is divided, with observers closely watching pre-holiday stocking plans in the cemented carbide sector. Current transactions remain cautious and demand-driven.

Ferro-Tungsten (70%) Prices are quoted at $30,281.7/ton. The main support comes from firm sentiment among suppliers, although demand expectations are uncertain. Domestic stimulus measures may boost consumption, but geopolitical and economic pressures add risks to supply and demand chains. Market participants remain highly cautious.

Scrap Tungsten Prices have shown slight firmness recently, with improved market sentiment. However, consumption remains to be further supported.

Macro Insights

According to data from the National Bureau of Statistics:

In January, China's Manufacturing PMI stood at 50.1%, down 0.2 percentage points month-on-month, but it remained above the critical threshold for the third consecutive month.

The Non-Manufacturing Business Activity Index rose to 52.2%, up 2.2 percentage points.

The Composite PMI Output Index increased to 52.2%, up 1.4 percentage points.

Prices of tungsten products on January 3, 2024

China tungsten price image