Analysis of latest tungsten market from Chinatungsten Online
The tungsten market remains in a stalemate, with suppliers facing difficulty in pushing prices higher due to limited willingness to sell, while buyers adopt a cautious approach to pricing and inventory accumulation. Overall, the market strategy remains focused on essential demand, and transactions are characterized by a wait-and-see attitude with limited negotiation progress.The price of 65% black tungsten concentrate stands at $20,140.8/ton. Concerns about the supply chain persist, keeping the market bottom supported, but there has been no clear progress on the demand side, and high-price transactions are limited.The price of ammonium paratungstate (APT) is quoted at $334.2/mtu. The market is affected by the supply-demand tug-of-war and macroeconomic uncertainties, leading to mixed sentiment among traders, resulting in flat trading and a market focus on tungsten enterprises' long-term contract prices.The price of tungsten powder is quoted at $44.5/kg, and tungsten carbide powder is priced at $44.4/kg. While cost pressures have slightly eased, the demand for restocking remains moderate, and market trading lacks enthusiasm. Buyers are adopting a wait-and-see approach.The price of 70% tungsten iron is reported at $44,366.2/ton, with cost support at the bottom, but overall market consumption is slow. The atmosphere remains stagnant, with limited room for price fluctuations.Scrap tungsten prices remain relatively stable in the short term, with a cautious mood in the primary material market. Suppliers and buyers are proceeding with caution, and trading remains within a narrow range.
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