Tungsten Powder and Tungsten Carbide Powder Prices Stabilized in the Middle of January 2025

Details: Category: Tungsten's News; Published on Sunday, 26 January 2025 10:04

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remained stable, supported by firm supply-side sentiment, while demand-side activity weakened as the Lunar New Year approached. The overall trading atmosphere cooled, signaling a steady year-end closure. Attention is now on potential fluctuations in overseas macroeconomic factors.

The price of 65% grade black tungsten concentrate stood at $21,971.8/ton, with continued concerns about tight ore supply bolstering market sentiment.

Ammonium paratungstate (APT) prices were at $340.6/mtu. The year-end market experienced reduced operational activity and lower purchasing demand, leading to firm offers but diminished transactions.

Tungsten powder was priced at $45.1/kg, and tungsten carbide powder at $44.4/kg. Although solid cost support was evident, concerns over weak demand persisted, and overall trading remained sluggish.

Ferro-tungsten (70% grade) prices were at $30,704.2/ton. The market atmosphere was cautious, with attention drawn to geopolitical risks among major powers.

Recycled tungsten prices held steady but reflected a subdued trading scene, influenced by the festive holiday atmosphere and limited buyer activity.

According to statistics from the China Tungsten Industry Association, in 2024, the national tungsten concentrate output reached 127,000 metric tons, a year-on-year decrease of 0.78%. APT output was 125,000 metric tons, down 0.79%. Tungsten material production increased to 17,200 metric tons, up 27.21%, while cemented carbide output rose to 58,000 metric tons, an increase of 6.42%. Fine tungsten wire production hit 150 billion meters, up 66.67%.

The tungsten industry’s total annual revenue reached 135 billion RMB, a year-on-year growth of 12.5%. The total profit and tax reached 14.1 billion RMB, an increase of 4.44%, while total profits rose to 13.4 billion RMB, growing by 11.67%. The sector experienced significant profitability disparities, with an average industry profit margin of 10%. Mining achieved a profit margin of 26%, smelting 2%, cemented carbide 8%, and tungsten materials 12%.

Prices of tungsten products on January 24, 2025

China tungsten price image