Tungsten Market Stagnant, Industry Sentiment Divided

Details: Category: Tungsten's News; Published on Thursday, 13 March 2025 17:23

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price remains locked in a sideways consolidation, with sentiment across the industry chain diverging sharply. The market transaction atmosphere is subdued, and the overall market is under pressure to stabilize.

Tungsten Concentrate Segment

In the tungsten concentrate segment, the supply side continues to experience tightness. On the consumer side, resistance to high prices has intensified, leading to a demand-driven procurement strategy. This has resulted in a standoff in market transactions. The cost of mineral resource development and strict control over total mining volume provide a price support line, with the price of 65% wolframite concentrate temporarily holding steady at the $19,718.3/ton threshold.

Intermediate Smelting Segment

In the intermediate smelting segment, the overseas market is facing challenges from strengthened trade barriers, which have passively extended the export order cycle. Constrained by weak downstream demand transmission, smelters are seeing reduced inventory turnover efficiency. Bearish sentiment dominates the domestic market, putting downward pressure on merchants’ quotations. The price of ammonium paratungstate (APT) is currently stable at $331.0/mtu, tungsten powder at $43.9/kg, and tungsten carbide powder at $43.2/kg.

Cemented Carbide Segment

In the cemented carbide segment, a challenging foreign trade environment has intensified competition in domestic trade. The market remains in a restorative adjustment phase, with insufficient confidence. Recently, tungsten raw material prices have been declining, while cobalt raw material prices remain elevated, leading to structural differentiation in cost pressures across the industry chain. Market purchasing and sales sentiment is cautious, and inventory digestion remains slow.

Scrap Tungsten Recycling Segment

In the scrap tungsten recycling segment, the declining price of primary materials has dampened the atmosphere in the recycled product market, compounded by sluggish downstream terminal demand. Price suppression is evident, and overall trading activity remains low.

Prices of tungsten products on March 13, 2025