Analysis of latest tungsten market from Chinatungsten Online
Tungsten prices experienced a slight decrease this week. Firstly, as the market resumption rate gradually increases, demand has not significantly risen, leading to a weakening of price support due to tight raw material supplies. Secondly, minor reductions in tungsten raw material quotes from large tungsten enterprises further affected traders' confidence.
The current tungsten market is characterized by intense competition, with significant support for the market still coming from tight supplies and high prices in the tungsten ore sector. However, market sentiment has weakened somewhat.
The price of 65% wolframite concentrate is quoted at $20,422.5/ton. Holders are unwilling to offer discounts, while buyers are resistant to high raw material prices, resulting in slower market transactions.
Ammonium paratungstate (APT) is quoted at $339.0/mtu. There are subtle changes in the supply and demand relationship within the industry chain, and traders are cautious, mainly adopting strategies of negotiation based on demand.
Tungsten powder is quoted at $44.9/kg, and tungsten carbide powder is quoted at $44.2/kg. Pressure from market demand has led to a loosening of trading sentiment, affecting bargaining in transactions.
Ferrotungsten 70% is quoted at $30,704.2/ton. Recently, the atmosphere at home and abroad has significantly diverged. Overseas supply chain pressures have increased, leading to a relatively firm market trend, while domestic markets are awaiting the trend of tungsten raw material prices.
In the scrap tungsten market, the stalemate in primary material prices has led to differing levels of market trading confidence. Post-holiday replenishment enthusiasm is limited, and the market remains stable pending further developments.
Prices of tungsten products on February 14, 2025
Picture of tungsten carbide seals
