Analysis of latest tungsten market from Chinatungsten Online
Tungsten prices remain at high levels, with the market overshadowed by a strong holiday atmosphere. Overall production and business activities have decreased, and trading sentiment is subdued.65% black tungsten concentrate prices stand at $20,563.4/ton. Increased maintenance and holiday closures among mining enterprises have tightened supply, leading to strong pricing. However, high prices have resulted in limited transactions.Ammonium paratungstate (APT) prices are reported at $340.6/mtu. Cost pressures and holiday factors have reduced supply in the market, enabling price increases. However, trading activity has cooled.Tungsten powder prices have reached $45.1/kg, with tungsten carbide powder at $44.4/kg. The holiday effect has intensified cost pressures in the market, while demand remains weak. As a result, trading activity has slowed.70% ferro tungsten prices are at $30,704.3/ton. The market reflects notable supply-demand imbalances, compounded by volatile external political and economic conditions. Transactions are mostly demand-driven, with pricing following market trends.Scrap tungsten prices remain firm but market liquidity is weak. This is due to the holiday effect and limited demand support, leading to a wait-and-see attitude in the market.Chinatungsten Online
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