Tungsten Ore Prices Hold Firm with Expectations of Tighter Resource Availability

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market remains stable, with a "high price but low activity" trend seen before the holiday. The supply side supports a tight supply and high price outlook, while large-scale downstream procurement has not appeared, leading to an overall market stalemate.

Tungsten ore prices hold firm, with expectations of tighter resource availability before and after the Lunar New Year. High-grade tungsten concentrate prices center around $20,422.5/ton, although actual supply and demand remain weak, and overall market liquidity has slowed.

Ammonium paratungstate (APT) prices remain stable, with supply and demand misaligned. Most real trades are negotiated as needed, with mainstream prices around $339.0/mtu. 

Tungsten powder price differentials widen as cost pressures and subdued demand drive a tug-of-war. Sellers focus on stability, with slight upward adjustments in some areas, though transactions are hard to secure. Tungsten powder prices consolidate around $44.8/kg, and tungsten carbide powder prices hover near $44.1/kg. 

Ferro-tungsten (70%) prices are at $30,563.4/ton. Cost factors support market stability, but consumption sentiment remains subdued, limiting actual transactions.

Scrap tungsten offers stay firm, supported by the primary tungsten material market. Sellers resist price reductions, while buyers approach pre-holiday stockpiling cautiously. Market dynamics remain limited, with a predominant wait-and-see attitude.

Prices of tungsten products on January 17, 2024

Picture of WL15 electrodes 

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