Tungsten Market Faces Evident Supply-Demand Imbalance

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain stable for now, with no significant updates on the supply side. On the demand side, constrained by the complex international economic environment and foreign trade conditions, market sentiment has been generally weak recently. Due to the limited availability of tungsten ore resources, the market has shown relative resistance to price declines, and negotiations continue with caution.

In the tungsten concentrate market, the "tight supply" situation supports a relatively firm bottom for prices. However, increasing negative feedback from downstream sectors has dampened market confidence. The price of 65% black tungsten concentrate is hovering around $20,140.8/ton, with sluggish transactions.

In the ammonium paratungstate (APT) market, pressure from "weak demand" has led to a prevalent bearish sentiment. APT prices are continuously under pressure at the $334.2/mtu mark, prompting companies to control production loads. New export strategies are being implemented.

In the tungsten powder market, significant supply-demand imbalances exist within the industry chain. The cemented carbide sector is primarily focused on destocking, and the market adopts a cautious strategy. Overall buying and selling activity is moderate, with tungsten powder priced at $44.5/kg and tungsten carbide powder at $43.8/kg.

In the ferro-tungsten market, while mining costs and steel demand exhibit a certain degree of resilience, recent market prices have followed the trend and shown some decline. Trading sentiment remains relatively stable, with ferro-tungsten 70% priced at $30,563.40/ton.

In the scrap tungsten market, sentiment on the tungsten raw material side is poor, and demand lacks sufficient drive. Recently, overall market shipments have been sluggish, resulting in a relatively pessimistic market performance.

Picture of tungsten alloy cubes

• Next >