Analysis of latest tungsten market from Chinatungsten Online
Tungsten prices remain stable, with recent pricing power slightly favoring sellers. However, buyer acceptance is insufficient, and high-level transactions are relatively sluggish.65% Black Tungsten Concentrate: The price is testing $20,869.6/ton. High-level transactions are hindered, with little strong incentive for profit-taking, and the mining sector continues to support market prices.Ammonium Paratungstate (APT): The price is testing $347.2/mtu. Cost support remains firm, but demand remains weak, and transaction orders are limited.Tungsten Powder: The price is quoted at $45.8/kg, while tungsten carbide powder is priced at $45.1/kg. Alloy consumption momentum remains limited, and market transactions are demand-based.Ferro-Tungsten (70%): Prices are steady at $31,014.5/ton. Recent raw material cost increases and steel mill bidding demand have helped sustain the market.Scrap Tungsten: Prices are stable with a slight upward movement. However, market purchasing activity remains limited, and overall sentiment is wait-and-see, with transactions primarily based on immediate needs.The main positive factors for the tungsten market are tight supply at the mining level, a reluctance to sell, and cost support, which have helped sustain the supply side. Additionally, the implementation of a package of domestic economic stimulus measures has driven some recovery in manufacturing demand. The rising demand for strategic resources as a hedge against geopolitical conflicts also supports market conditions.On the downside, smelters and mid-to-low-end alloy manufacturers still face overcapacity pressure. The unstable international economic and geopolitical environment has led to increased risk-aversion sentiment among investors, coupled with a potential downgrade in consumption. Poor manufacturing data from major economies also reflects ongoing pressure on the industry’s financial and demand sides.Chinatungsten Online
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