Analysis of latest tungsten market from Chinatungsten Online
China tungsten prices are in a temporary state of stability, with recent market sentiment showing slight weakness and limited transaction activity. Fundamentally, tight supply of mining resources continues to support the market, but poor demand feedback from the smelting and alloy sectors has dampened actual liquidity. As some traders lean toward profit-taking, the overall tungsten market exhibits a stable yet slightly weak trend. Market participants remain cautious, closely monitoring updates on supply and demand dynamics.65% Black Tungsten Concentrate: Prices are quoted at $20,140.8/ton. Sellers are reluctant to lower prices, but high-priced transactions face resistance. Divergent trade confidence has led to sluggish overall liquidity.Ammonium Paratungstate (APT): Prices are at $335.8/mtu. Buyer activity remains subdued, with transactions primarily based on long-term contracts and immediate needs, involving significant negotiation.Tungsten Powder: Priced at $44.5/kg, while tungsten carbide powder is at $43.8/kg. Weak demand from the alloy sector has created resistance in market trends.70% Ferro-Tungsten: Prices are quoted at $30,281.7/ton. While miners maintain firm offers, downstream buyers show low initiative, resulting in cautious market sentiment and slight softening in localized negotiations.Recycled Tungsten: Prices are weakly stable, with a stalemate in supply and demand dynamics. Negotiations remain cautious, and overall trading activity is limited.According to data from the National Bureau of Statistics, China's Consumer Price Index (CPI) in November rose 0.2% year-on-year, a slowdown of 0.1 percentage points from the previous month. On a month-on-month basis, the CPI fell by 0.6%, expanding the decline by 0.3 percentage points and reaching a five-month low.Excluding food and energy prices, the core CPI continued to rise, increasing by 0.3% year-on-year, up 0.1 percentage points from the previous month. The Producer Price Index (PPI) rose 0.1% month-on-month but declined 2.5% year-on-year, with the year-on-year decline narrowing by 0.4 percentage points compared to the previous month.
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