Analysis of latest tungsten market from Chinatungsten Online
Tungsten prices are at a standstill. After the Lantern Festival, the market resumption rate increased, but overall trading activities remained at an impasse. The bearish sentiment in market demand has not shifted yet, restraining traders' sentiment and spot market transactions.
The price of 65% black tungsten concentrate is $20,493.0/ton. Supply is tight while demand is weak in the tungsten ore market, creating a strong atmosphere of stalemate and game-playing.
The price of ammonium paratungstate (APT) is $339.0/mtu. Recently, concerns about market fundamentals have risen. Liquidity is mainly based on long-term contracts, and some enterprises are facing profit pressure.
Tungsten powder prices have slightly eased from the $45.1/kg level, while tungsten carbide powder prices have stabilized at around $44.4/kg. Market cost support remains strong, but downstream terminal demand is insufficient, resulting in low actual transaction volumes.
The price of 70% ferro tungsten is around $30,704.2/ton. Feedback from the steel industry is limited, and buyers have low acceptance of high-priced raw materials. The industrial chain is intertwined with bulls and bears, and manufacturers' quotes remain stable for the time being.
The tungsten scrap market is at a standstill. Confidence in market fundamentals has weakened, and macro-level interference factors are complex. The overall trading atmosphere is lukewarm, and price movements are sideways.
Cobalt powder prices have temporarily stabilized at around $23.5/kg. Market supply remains loose, consumption highlights are insufficient, trading sentiment remains pessimistic, and negotiations on transactions are under pressure.
Prices of tungsten products on February 13, 2025
Picture of tungsten powder
