China Tungsten Prices Remained Steady Before the Lunar New Year
- Details
- Category: Tungsten's News
- Published on Tuesday, 21 January 2025 17:39
Analysis of latest tungsten market from Chinatungsten Online
China tungsten prices remained steady on January 20, 2025.
With less than ten days until the Lunar New Year, market logistics and raw material resources have become increasingly tight, and the supply side maintains a strong market sentiment, with some price adjustments upward. However, the number of downstream end users halting production and taking holidays is increasing, limiting actual consumption sentiment in the market, resulting in a continued "price without market" scenario.
65% Black tungsten concentrate prices held steady at approximately $20,422.5/ton. Mining operations are increasingly confirming holiday and maintenance plans, and external quotes remain firm, with overall circulation slowing.
Ammonium paratungstate (APT) prices stood at $339.0/mtu. Market operating rates are declining, and quotes are showing slight upward movement amid anticipation of major tungsten enterprises' long-term procurement pricing.
Tungsten powder prices were reported at $44.8/kg, and tungsten carbide powder prices at $44.1/kg. Sellers are showing varied progress in raising prices, reflecting the tug-of-war between supply and demand, with negotiations proceeding based on needs.
70 Ferro-tungsten prices consolidated around $30,563.4/ton. While costs remain stable, limited essential consumption contributes to a prevailing cautious and stable market sentiment.
Scrap tungsten prices stayed stable, with market activity slowing as the Lunar New Year approaches. Perspectives on future supply and demand remain under evaluation, leading to cautious market operations.
Macroeconomic News:
According to preliminary calculations by the National Bureau of Statistics, China’s GDP in 2024 reached RMB 134.91 trillion, a year-on-year increase of 5.0% at constant prices. Quarterly growth rates were as follows:
Q1: 5.3%
Q2: 4.7%
Q3: 4.6%
Q4: 5.4%
On a quarter-on-quarter basis, GDP grew by 1.6% in Q4.
In December 2024, the value-added of industrial enterprises above the designated size increased by 6.2% year-on-year and by 0.64% month-on-month, with a cumulative annual growth of 5.8%.
Prices of tungsten products on January 21, 2024
Picture of 3D tungsten alloy collimator
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