Tungsten Market Pressured by Weak Demand and Export Issues

Details: Category: Tungsten's News; Published on Thursday, 27 February 2025 19:25

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices have remained weak, with a stalemate in market supply and demand dynamics. Sellers set prices with reference to the difficulty of replenishing tungsten ore and the long-term contract prices of large tungsten enterprises, while buyers, facing sluggish demand, generally inquire with price reductions.

Overall, tungsten market trading is under pressure, and participants are awaiting news related to the National People's Congress and Chinese People's Political Consultative Conference in March, as well as actual consumer demand trends.

The price of 65% black tungsten concentrate is $20,211.3/ton. The tight market supply supports the resilience of long-term prices. However, due to insufficient downstream demand, the market has been under pressure recently.

The price of ammonium paratungstate (APT) is $335.8/mtu. Poor shipment caused by the challenging export environment has dragged down market fundamentals and trading sentiment, resulting in relatively low negotiation prices for market transactions.

Tungsten powder is priced at $44.6/kg, and tungsten carbide powder at $43.9/kg. The slower growth rate of market demand has inhibited the consumption of raw materials. Coupled with the recent weakness in cost dynamics, market trading is under pressure.

The price of 70% tungsten ferroalloy is $30,704.2/ton. While international market sentiment is gradually stabilizing, domestic market conditions remain stagnant and under pressure. Rigid demand in the market is cautiously released, leading to a slight downturn in market trends.

Waste tungsten prices have seen a gradual decline. Affected by insufficient downstream demand, a challenging foreign trade environment, and lower long-term contract prices for tungsten raw materials, industry participants generally offer lower recycling prices. Some holders are holding back inventory and waiting for better opportunities, while others are willing to accept lower prices to cash out.

Prices of tungsten products on February 27, 2025