Tungsten Market Fluctuations Hide Policy Game Risks

Details: Category: Tungsten's News; Published on Thursday, 10 April 2025 16:51

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are temporarily stable. Under the interweaving of macro-volatile environment and market supply and demand, traders remain cautious and wait-and-see.

Recently, the United States has wielded the tariff stick, exacerbating the uncertainty of the global trade environment and suppressing the consumer mentality of the downstream tungsten industry chain. However, at this time, the support of the supply side is still significant. The pressure on the cost side prompts intermediate traders to maintain a rising mentality, but the actual transaction still requires the cooperation of both buyers and sellers.

The price of 65% tungsten concentrate is $20,281.7/ton. Under the support of the supply side, market confidence has not been significantly shaken, and the industry is generally bullish on the long-term market. However, the current transaction activity has not been fully followed up, and the wait-and-see mood still exists.

The price of ammonium paratungstate (APT) is temporarily stable at $340.6/ton. The recent market sentiment is affected by the cost side, but the transaction is still constrained by the demand side. The market trade initiative is limited, and manufacturers are cautious to avoid the risk of inversion.

The price of tungsten powder is $44.8/kg, and the price of tungsten carbide powder is $44.1/kg. The terminal consumption of cemented carbide is temporarily stable. There is a significant positive news update. The downstream has limited enthusiasm for purchasing raw materials, and the overall market demand momentum is insufficient.

The price of 70 ferro tungsten is testing the $30,845.1/ton mark, and the cost support is relatively strong. However, the recent Sino-US tariff policy has a certain inhibitory effect on the steel market, and the demand in the overseas market has also been affected, and the upward momentum of the market is limited in the short term.

The market situation of tungsten scrap is mainly stable. The current external trade environment is complex and changeable, and the supply and demand pattern in the industry is in a stalemate. Market participants are mostly cautious and wait-and-see, waiting for clearer signals.

The cobalt market is weak, and the lack of demand momentum drags down the price performance. Although the supply has shrunk, the market stability after the increase is poor. The market pays close attention to the export policy trends of the main producing areas and the potential impact of international fluctuations on cobalt prices.

Prices of tungsten products on April 10, 2025