Analysis of latest tungsten market from Chinatungsten Online
Tungsten prices remain steady with little change. The supply of raw materials is limited, and downstream purchasing is insufficient. Market trading activity is low, with transactions occurring mainly based on demand.
The price of 65% black tungsten concentrate is reported at $20,140.8/ton. High offers from suppliers are difficult to achieve, while lower offers are made cautiously. Market negotiations are stalled, with limited transaction volume.
The price of ammonium paratungstate (APT) is around $335.8/mtu, with both cost and demand pressures weighing on the market. Orders outside of immediate needs are scarce, and companies continue to face pressure on their profits.
The price of tungsten powder is reported at $44.5/kg, and tungsten carbide powder is priced at $43.8/kg. The market consumption situation remains unclear, with significant supply and demand contradictions. Recently, prices have been under pressure and remain stagnant.
The price of 70% tungsten iron is reported at $30,281.7/ton. The loosened tungsten raw material market and the cooling atmosphere in steel procurement have affected market sentiment. However, cost and demand support, along with external instability, have kept market fluctuations relatively small.
The price of scrap tungsten is following the market trend and remaining flat. Recently, there has been noticeable market demand pressure, but the miners' reluctance to sell has supported market stability. The overall market remains cautious in negotiations, with limited trading volume.
According to data from the General Administration of Customs, China's total import and export value in the first 11 months was 39.79 trillion yuan, a year-on-year increase of 4.9%. Monthly imports and exports have increased for eight consecutive months. Of this, exports totaled 23.04 trillion yuan, an increase of 6.7%; imports reached 16.75 trillion yuan, up 2.4%. ASEAN, the EU, and the US were China's top three trading partners, with trade values of 6.29 trillion yuan, 5.09 trillion yuan, and 4.44 trillion yuan, increasing by 8.6%, 1.3%, and 4.2%, respectively. China's total imports and exports with Belt and Road countries reached 18.74 trillion yuan, an increase of 6%.
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