Analysis of latest tungsten market from Chinatungsten Online
On Monday, tungsten prices maintained a steady stance, with the market atmosphere remaining cautious. Market participants are divided in their expectations for "Golden September" demand, leading to a generally cautious approach to trading. At the start of the month, the market's attention is focused on the upcoming pricing guidance from industry institutions and major tungsten enterprises.Tungsten Concentrate Market: Supply remains tight, supporting firm prices, with the 65% grade steady at approximately $20,142.9/ton. Downstream customers are somewhat hesitant due to high prices, resulting in slower follow-up transactions.Ammonium Paratungstate (APT) Market: There is a strong sentiment of reluctance to sell and price support, with current prices consolidating around $339.0/mtu. Low levels of spot resources are available, and downstream buyers are not very proactive, contributing to a strong wait-and-see sentiment and limited negotiation progress.Tungsten Powder Market: Prices are around $44.6/kg, while tungsten carbide powder is priced at approximately $43.9/kg. Sellers are cautiously balancing market costs with demand pressures, and overall consumer activity remains limited, with attention focused on potential updates.Ferro-Tungsten Market: Prices are steady around $30,142.9/ton, as the market navigates the challenges of sourcing raw materials and cautious downstream consumption. Trading remains in a stalemate, with a cautious "as needed" approach prevailing in the short term.Scrap Tungsten Market: Confidence is still mixed. While the sentiment of market support from the tungsten raw material side has strengthened, actual demand release is cautious and need-based. The market is closely watching the realization of "Golden September" demand and the potential risk of profit-taking from suppliers.Macroeconomic Data: According to the National Bureau of Statistics, China's Manufacturing PMI for August was 49.1%, down 0.3 percentage points from the previous month; the Non-Manufacturing PMI was 50.3%, up 0.1 percentage points; and the Composite PMI Output Index was 50.1%, down 0.1 percentage points.Chinatungsten Online
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