Analysis of latest tungsten market from Chinatungsten Online
The tungsten market exhibited a weak but stable trend on Monday, as demand was sluggish, impacting business sentiment. Tungsten raw material prices were under pressure and showed signs of easing. However, due to limited increases in tungsten ore supply, businesses were cautious in adjusting prices, resulting in only minor declines in the market. Participants were awaiting directional news from the industry and macroeconomic risks.
The price of 65% black tungsten concentrate was $20,422.5/ton, and the price of ammonium paratungstate (APT) was $339.0/mtu. Transactions corresponding to higher quotes were weaker, and spot negotiations underwent certain adjustments. The industry atmosphere was relatively subdued recently.
The price of tungsten powder was $44.8/kg, and the price of tungsten carbide powder was $44.1/kg. Businesses demonstrated a willingness to offer discounts to attract orders, and market transactions were under pressure.
The price of 70% ferro tungsten was $30,704.2/ton. Upstream resource supply remained tight, but market sentiment cooled, and the ferro tungsten market adopted a cautious and sideways attitude.
The price of tungsten waste is temporarily stable, but the downstream market lacks confidence. The buying and selling sentiment in the tungsten waste market is divided, and overall liquidity is limited.
Cobalt powder prices weakened to $23.4/kg due to continued loose supply but inadequate demand recovery. Market sentiment remained pessimistic, and corporate inverted pricing pressures increased.
Prices of tungsten products on February 17, 2025
Picture of tungsten carbide powder
