Insufficient Tungsten Ore Supply and Weak Alloy Demand

Details: Category: Tungsten's News; Published on Tuesday, 18 February 2025 11:20

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market is characterized by a strong stalemate atmosphere. This is due to the insufficient elasticity of tungsten ore supply and limited purchasing demand from consumers.

Fundamentals in the market remain in a continuous battle between bulls and bears. Coupled with the uncertain impacts of global geopolitical risks and trade barriers on the macro front, operators are cautious in their trading sentiments, maintaining a stalemate and stability in market conditions.

The price of 65% black tungsten concentrate is reported at $20,422.5/ton. After the Lantern Festival, market supply conditions have somewhat recovered. However, actual demand has not kept pace, leading to increased disagreements between bulls and bears in the market. Recently, trading conditions have been under pressure.

The price of ammonium paratungstate (APT) is reported at $339.0/mtu. Market order progress has been slow, and overall trading enthusiasm is insufficient. Participants are waiting to see the continuous battle between cost and demand sides, with slight loosening in the focus of actual negotiations.

The price of tungsten powder is reported at $44.8/kg, and the price of tungsten carbide powder is reported at $44.1/kg. High raw material costs are in a seesaw battle with insufficient restocking willingness from downstream industries such as cemented carbide, resulting in poor market liquidity.

The price of 70% ferro tungsten remains stable at around $30,704.2/ton. Ore costs and steel tendering demand are supporting the market, but overall consumption remains sluggish. Enthusiasm for market stockpiling is limited, and trading sentiment is temporarily stable and wait-and-see.

Scrap tungsten prices continue to be in a stalemate. Recently, there are expectations of supply releases from the supply side. However, the subdued sentiment in the manufacturing sector has inhibited downstream terminal demand, putting pressure on market confidence.

Prices of tungsten products on February 18, 2025