Price of Tungsten Products on Sept. 10 2024

Analysis of latest tungsten market in china

On Monday, tungsten prices remained steady, with the market in a stalemate as all parties closely monitor supply-side regulations and changes in downstream demand. Buyers and sellers are in a tug-of-war, and the market is searching for a new equilibrium point. 

In the short term, prices are expected to fluctuate within a narrow range, with the possibility of minor downward adjustments. However, in the medium to long term, there is a general expectation of a gradual upward trend.

The price of 65% black tungsten concentrate is holding at around $20,000.0/ton. Suppliers are reluctant to make concessions, while buyers remain cautious, with the unclear recovery of demand being the main limiting factor. Trading volume remains limited.

Ammonium paratungstate (APT) prices are stable at around $335.8/mtu. Market activity remains lukewarm, with both buyers and sellers adopting cautious strategies, waiting for any news that could break the current stalemate.

Tungsten powder prices are holding steady at around $44.6/kg, while tungsten carbide powder prices are consolidating at around $43.9/kg. The recovery in demand remains slow, compounded by uncertainty in the international trade environment, leading to mixed sentiments among participants who remain cautious.

The price of 70% ferrotungsten is steady at around $30,142.9/ton, with the overall market showing moderate trading activity. Supply and demand factors are relatively stable, but external market conditions are causing fluctuations in sentiment. Traders are mostly adopting a wait-and-see approach based on demand. Scrap tungsten prices are range-bound, with traders more frequently opting to cash out, but actual downstream demand remains limited, putting some pressure on negotiations.