Analysis of latest tungsten market from Chinatungsten Online
China tungsten prices remain primarily stable, with the market continuing its "neither rising nor falling" stalemate. Suppliers are reluctant to lower their quotes, while demand from the consumption side remains sluggish. As the year-end approaches, a cautious, wait-and-see sentiment dominates the market, leading to subdued overall trading activity.
65% Black Tungsten Concentrate: Prices are holding steady at approximately $20,070.4/ton. Low-end inquiries in the market remain unfulfilled, while high-end transactions progress slowly. The standoff between miners and consumers persists, resulting in a stagnant and consolidated trend.
Ammonium Paratungstate (APT): Prices remain stable around $334.2/mtu, reflecting clear market fundamentals with low interest in new orders ahead of the Lunar New Year. Caution and stability are the prevailing sentiments.
Tungsten Powder: Prices hover around $44.5/kg, while Tungsten Carbide Powder is priced at approximately $43.8/kg. Although costs provide some support, the consumption side faces challenges from insufficient domestic demand and obstacles in international trade due to protectionist policies. Trading activity is lackluster, with negotiations stuck in a stalemate.
70% Ferro-Tungsten: Prices are reported at $30,140.8/ton. Buyer sentiment is relatively subdued, while sellers balance between maintaining price stability and promoting sales. The market remains stable overall, with most transactions driven by cautious observation.
Scrap Tungsten Prices are steady. Market participants generally maintain a wait-and-see approach, with little urgency to either buy or sell, resulting in low volumes of new orders.
News Update: On December 17, 2024, the U.S. Department of Commerce announced a countervailing duty preliminary determination on tungsten shot (also referred to as tungsten pellets or tungsten beads) from China. The preliminary subsidy rates range from 73.75% to 352.20%. The final determination on this countervailing duty is expected by April 28, 2025.
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