APT Prices Stabilize as the Market Continued to Grapple

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable as the market balanced tight supply and demand with a complex macroeconomic and geopolitical environment. 

Coupled with the "information gap" before the Lunar New Year and slowed capital flow, overall market sentiment stayed cautious, and transactions were primarily based on immediate needs, leaving little room for price fluctuations.

Prices for 65% grade black tungsten concentrate held at $20,352.1/ton. With mining operations gradually undergoing maintenance, expectations of tighter supply have grown, keeping seller quotes firm despite slower high-price transactions.

APT prices hovered around $339.0/mtu as the market continued to grapple with bullish cost factors and bearish demand. Transactions were demand-driven, and prices remained in a stalemate.

Tungsten powder was priced at $44.8/kg and tungsten carbide powder at $44.1/kg. Downstream users showed low acceptance of high raw material costs, creating a market atmosphere with prices but limited transactions, and pre-holiday restocking remained minimal.

Prices for 70-grade ferrotungsten stabilized around $30,563.3/ton. While the supply side maintained a firm tone, demand-side follow-through was limited. Market activity was subdued, with participants adopting a cautious and observant approach.

Scrap tungsten prices held steady. The upstream primary market's firmness was reflected, but downstream terminal restocking demand remained relatively limited, with participants maintaining cautious attitudes. The market direction remains uncertain.

Prices of tungsten products on January 14, 2024

Picture of tungsten ore 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >