Analysis of latest tungsten market from Chinatungsten Online
On Monday, tungsten prices continued to exhibit a trend of weak stability. The market supply and demand relationship remained at an impasse, and the complex export environment raised concerns about demand for some smelting and alloy products.
Recently, the seller market has shown relative weakness, and the tungsten market is under pressure. Participants are waiting to see new quotes from institutions and enterprises at the beginning of the month.
The price of 65% wolframite concentrate is $20,140.8/ton. Although holders have a strong willingness to support the market, downstream acceptance is insufficient, putting pressure on market negotiations. As a result, tungsten mines have slightly reduced their prices.
The price of ammonium paratungstate (APT) is $334.2/mtu. Export pressure for products has suddenly increased, intensifying the risk of corporate profit margins being squeezed. Recently, the market has experienced a gradual decline. We are paying close attention to quotes from large enterprises.
The price of tungsten powder is $44.5/kg, and the price of tungsten carbide powder is $43.8/kg. Market cost drivers have weakened, and demand momentum remains insufficient. Overall, the market trend is weak with slight adjustments.
The price of ferro tungsten is $30,563.4/ton. Fundamentals in the market continue to battle, and macro risks remain. Traders are mainly in a wait-and-see mood, resulting in slight fluctuations in the market.
Prices of tungsten waste and scrap have weakened due to insufficient demand drivers and poor transmission of raw material sentiment. Market recovery prices have been reduced, and overall liquidity has slowed down.
Cobalt powder prices have risen to around $24.6/kg due to supply chain risks. A four-month export ban in the Democratic Republic of the Congo has led to a general increase in international cobalt prices. However, actual market resource and demand support is limited. Industry players are concerned that inventory releases from companies that stocked up during the ban period, as well as the release of accumulated inventories in the Democratic Republic of the Congo after the ban is lifted, may have an even greater impact on the future market.
Prices of tungsten products on March 03, 2025
Picture of tungsten-lanthanum electrode
