Analysis of latest tungsten market from Chinatungsten Online
China tungsten price remains stable for now, with the latest round of long-term contract prices from tungsten companies showing limited increases. This has suppressed the market's bullish sentiment and negotiations on prices, with industry players waiting for the announcement of guide prices from other large enterprises.
In the tungsten concentrate market, the overall bullish sentiment persists due to tight supply and rising costs, with the price of 65% black tungsten concentrate reported to be above $20,579.7/ton.
In the ammonium paratungstate (APT) market, the continuation of difficulties in sourcing raw materials and weak demand has led to divergent views on price movement. Tungsten companies' long-term contracts have suppressed traders' confidence, with APT prices consolidating around the $343.9/mtu mark. Smelting plants are facing significant pressure from negative margins.
In the tungsten powder market, cost factors continue to support the bottom of the price range, but downstream demand remains weak. Market transactions are stagnant, with tungsten powder priced around $45.4/kg and tungsten carbide powder priced at approximately $44.6/kg.
In the ferro tungsten market, the strong atmosphere surrounding tungsten raw materials has pushed prices higher. The price for 70% ferro tungsten is around $30,724.6/ton, with the consumption side being more cautious. Market transactions are still on a need-to-buy basis, with players waiting to see further developments.
In the scrap tungsten market, the recent rise in the price of primary materials has boosted the mood of suppliers, but the consumption sentiment in the alloy sector remains cautious. There has been no significant improvement in scrap tungsten procurement, and the market continues to exhibit a tug-of-war situation. The outlook for the market remains cautious.
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