Analysis of latest tungsten market from Chinatungsten Online
Tungsten prices are under pressure and consolidating, with weak coordination between the demand and supply sides. Actual transaction activity is slightly weaker, and the market is watching the performance of long-term purchase prices by tungsten enterprises in the second half of the month.
The price of 65% black tungsten concentrate is $20,281.7/ton. Although production has gradually resumed, there has been no significant improvement in downstream consumption capacity and willingness. This has affected market sentiment, leading to a loosening of spot market conditions.
The price of ammonium paratungstate (APT) is $337.4/mtu. With weaker support from the cost side and lukewarm consumption, traders are under relatively high pressure, and expectations for long-term quotes from tungsten enterprises are poor.
The price of tungsten powder is $44.8/kg, and the price of tungsten carbide powder is $44.1/kg. Concerns in the market are increasing. On the one hand, the potential for effective domestic demand has yet to be unleashed. On the other hand, export controls on tungsten and molybdenum products have been significantly tightened.
The price of 70% tungsten ferroalloy is $30,704.2/ton. The market fundamentals and macroeconomic information are complex, and manufacturers are dominated by cautious wait-and-see sentiment. Rigid demand transactions dominate the market.
The scrap tungsten market is at a standstill, with actual transaction activity declining. Market confidence is key, and recently, the atmosphere around tungsten raw materials has cooled slightly.
The price of cobalt powder has declined slightly to $23.2/kg. The pressure of excess supply over demand in the market is significant, and corporate inventory accumulation pressure has not shown obvious relief. Coupled with instability in the international market, sentiment among industry participants is relatively low.
Prices of tungsten products on February 20, 2025
Picture of ammonium metatungstate
