Analysis of latest tungsten market from Chinatungsten Online
The tungsten price remains stable, and a new round of quotes from institutions and tungsten companies were released at the beginning of the month, which is overall in line with the current market situation and has boosted the sentiment of participants. At present, although the market demand is relatively negative, the supply side is strong under the tight and high price of tungsten ores. On the macro level, domestic policies are actively guided and international geopolitical risks continue to play a game, and the market's long and short views continue to tug. The price of tungsten products is stable and rising in the short term, and the implementation of trading is relatively lagging behind.China’s Ganzhou Tungsten Association (GTA) released its forecast average tungsten price for the domestic tungsten market in November 2024: 55% black tungsten concentrate price is $20,217.4/ton, an increase of $362.3/ton compared to October, an increase of 1.82%; Ammonium paratungstate price is $341.4/mtu, with a month on month increase of $5.7/mtu, or 1.71%; Medium grained tungsten powder price is $45.8/mtu, with a month on month increase of $0.6/kg or 1.28%.Chinatungsten Online
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