Analysis of latest tungsten market from Chinatungsten Online
Tungsten prices have generally remained stable, with the spot trading atmosphere at a standstill under pressure. This is mainly due to the slightly stronger expectation of market supply growth compared to demand recovery after the Spring Festival, coupled with slight adjustments in the long-term contract prices by tungsten enterprises. Market sentiment has cooled, resulting in increased bargaining space for products.
The price of 65% black tungsten concentrate is reported at $20,493.0/ton. Market supply continues to provide strong support for prices across the entire tungsten industry chain. However, there are obvious constraints on industry demand. Considering the traditional pattern of further recovery in mine capacity after the Lantern Festival, market purchasing sentiment has weakened recently.
The price of ammonium paratungstate (APT) is reported at $339.0/mtu per tonne. Under the interplay of high costs and sluggish demand, market participants are cautiously observing the situation, with the mainstream focus referencing the long-term contract prices of several representative tungsten enterprises.
Tungsten powder is priced at $45.1/kg, and tungsten carbide powder at $44.4/kg. Affected by the accumulation of inventory pressure at the cemented carbide end, buyers' inquiry enthusiasm is not strong, and the market adopts a wait-and-see attitude based on demand.
The price of 70% tungsten iron is reported at $30,704.2/ton. Pressure in the international supply chain has kept product prices firm. However, the raw material market sentiment has cooled recently, causing traders to adopt a cautious mindset. Domestic market sentiment remains temporarily stable.
The price of tungsten waste is temporarily stable. The progress on the consumer side is limited, and the supply side is mainly cautious with the raw material market. The market offer is currently stable, and transactions are lukewarm.
Prices of tungsten products on February 12, 2025
Picture of tungsten alloy rods
