Tungsten Prices Consolidate Amid Supply-Demand Tug-of-War

Details: Category: Tungsten's News; Published on Thursday, 27 March 2025 13:59

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are consolidating amid market gamesmanship, with a clear pattern of strong supply and weak demand, leaving limited room for price fluctuations.

The current psychological price level in the market has slightly increased compared to the long-term contract prices of major enterprises, primarily driven by cost pressures due to tight tungsten ore resources. However, insufficient support from downstream terminal demand has led to cautious mutual probing in the market, with a subdued trading atmosphere.

The price of 65% wolframite concentrate is $19,859.2/ton. Holders are showing a strong willingness to stabilize the market, while downstream confidence remains lacking, resulting in a stalemate in transactions.

Ammonium paratungstate (APT) is priced at $331.0/mtu. Cost and demand pressures are continuing to ease, but market trading confidence is diverging, leading to widening price spreads.

Tungsten powder is priced at $44.1/kg, and tungsten carbide powder at $43.4/kg, with the market temporarily stable and following prevailing trends. Hard alloy companies have limited initiative in stockpiling, though product prices have seen some increases recently due to rising raw material cobalt powder prices.

Ferro tungsten (70%W) is priced at $30,422.5/ton. Market fundamentals are relatively stable, with no confirmed updates from industry news recently. Traders are maintaining transactions based on essential demand.

The supply of scrap tungsten is limited, reducing the willingness to sell at discounted prices. However, concerns on the demand side have not been effectively alleviated. The contradiction between supply and demand in the market remains unresolved, with prices cautiously holding steady and slight upward movements in some areas.

Prices of tungsten products on March 27, 2025