Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices continued to trade sideways, with tight supply remaining a key factor supporting the market's strength. However, limited matching of actual demand led to increased risk aversion at higher prices. Recently, a divergence in price expectations between buyers and sellers resulted in limited market activity, with a generally cautious outlook and current trading strategy.
In the tungsten concentrate market
The tight supply situation persisted, with holders maintaining firm offers. Downstream buyers remained cautious in accepting high prices, and market transactions proceeded according to necessary demand.
65% wolframite concentrate was priced at RMB 1,030,000/ton, up 123.9% from the beginning of the year.
65% scheelite concentrate was priced at RMB 1,029,000/ton, up 124.2% from the beginning of the year.
In the ammonium paratungstate (APT) market
Prices remained in a state of high-level fluctuation, with buyers observing both cost and demand information.
Domestic APT was priced at RMB 1,500,000/ton, up 123.9% from the beginning of the year.
European APT was priced at USD 2100-2400/mtu (equivalent to RMB 1.279-1.462 million/ton), up 144.6% from the beginning of the year.
In the tungsten powder market
Cost support remains the dominant factor, with actual transactions cautiously driven by rigid demand. Market activity is concentrated on existing customers and long-term contracts, with mainstream prices remaining relatively stable. Prices for new inquiries have slightly increased.
Tungsten powder was priced at RMB 2380/kg, up 120.4% from the beginning of the year.
Tungsten carbide powder was priced at RMB 2320/kg, up 123.1% from the beginning of the year.
Cobalt powder was priced at RMB 580/kg, up 11.5% from the beginning of the year.
In the ferrotungsten market
Prices are currently stable following the raw material market, with downstream steel mills maintaining a purchasing pace based on necessary needs.
70% ferrotungsten was priced at RMB 1,420,000/ton, up 118.5% from the beginning of the year.
European ferrotungsten was priced at USD 300-320/kg W (equivalent to RMB 1.445-1.542 million/ton), up 125.5% from the beginning of the year.
In the tungsten waste and scrap market
Given the firm raw material prices, panic selling by recyclers has decreased. The market remains torn between holding onto inventory for further price increases and taking profits, leading to relatively high market volatility.
Scrap tungsten rods were priced at RMB 1250/kg, up 108.3% from the beginning of the year.
Scrap tungsten drill bits were priced at RMB 1230/kg, up 112.1% from the beginning of the year.
