Analysis of latest tungsten market from Chinatungsten Online
Tungsten prices have come under overall pressure and declined this week. The tungsten market is currently in a delicate phase characterized by insufficient effective domestic demand and an unstable international trade environment. Profits in the smelting sector are squeezed by costs and consumption, while export controls, tariff barriers, geopolitical conflicts, and other disturbances continue to impact the market, leading to a cautious and stalemate situation.
Yesterday, tungsten enterprises successively announced their guided prices for the second half of February. The price for 65% black tungsten concentrate is ￥143,500/ton, 55% black tungsten concentrate is ￥141,500/ton, 55% white tungsten concentrate is ￥140,500/ton, and ammonium paratungstate is ￥211,000/ton. These prices are ￥1,000 to ￥1,500 lower compared to the previous half-month quotes. The price reductions reflect the cautious and slightly weak market sentiment. Some businesses are offering discounts to expedite shipments, but overall trading activity remains insufficient.
Macro-wise, following the Russian President's remarks, the Russia-Ukraine conflict may be approaching a turning point. Post-war reconstruction efforts in the conflict zone could bring opportunities for the construction materials, infrastructure, energy facilities, machinery and equipment, national defense, and military industries sectors. The Ukrainian government estimates that reconstruction needs amount to USD 700 billion.
Prices of tungsten products on February 21, 2025
Picture of tungsten alloy products
