Analysis of latest tungsten market from Chinatungsten Online
China tungsten prices remain stable in a stalemate, with some suppliers shifting between holding back for higher prices and selling for profit. Downstream buyers maintain a cautious, on-demand purchasing approach, resulting in divided market sentiment and generally moderate trading activity. In the short term, the market is in a holding pattern, waiting for new developments.The price of 65% black tungsten concentrate is holding steady at around $20,142.9/ton, with slight increases in selling sentiment. However, the tight supply and weak demand dynamics persist, keeping the market fundamentals in a stalemate.Ammonium paratungstate (APT) prices remain around $337.4/mtu. Confidence in price stability has weakened, with upstream and downstream segments of the supply chain in a deadlock, and overall trade activity is cautious.Tungsten powder prices are stable at around $44.6/kg, while tungsten carbide powder is at $43.9/kg. Although costs continue to support prices, supply-demand dynamics remain tense, with limited demand from the alloy sector. Market confidence is mixed, leading to temporary price stability.Ferro-tungsten (70% grade) remains at $30,142.9/ton, with limited raw material availability and some negotiation leverage from downstream buyers. Market sentiment is cautious, and trading activity is subdued.The scrap tungsten market is similarly flat, with a slight increase in available stock. Purchasing remains slow, and the anticipated seasonal uptick in demand is not yet evident, leading to a stalemate between buyers and sellers.According to the China Association of the National Shipbuilding Industry, in the first half of 2024, China's shipbuilding industry completed 25.02 million deadweight tons, up 18.4% year-on-year. New orders reached 54.22 million deadweight tons, an increase of 43.9%, while orders on hand totaled 171.55 million deadweight tons, up 38.6%. China accounted for 55% of global shipbuilding completions, 74.7% of new orders, and 58.9% of orders on hand from January to June.Chinatungsten Online
+86 592 5129595,5129696
www.chinatungsten.com
news.chinatungsten.com
Follow us to get latest price/news of W&Mo
