Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices remained stable on Monday, with tight market liquidity. Sellers were more willing to sell and realize profits, while buyers remained cautious, resulting in limited overall spot trading activity.
The tungsten raw material market remained stagnant, with a divergence in price expectations between buyers and sellers. A tug-of-war continued between the market's support for the price based on tight supply and the strategic value of raw materials, and the actual pressure on demand. Participants generally chose to maintain the status quo, trading cautiously based on immediate needs, awaiting clearer market signals. Tungsten waste and scrap prices remained stable on the surface but declined in reality, with increased profit-taking leading to some softening in actual transaction prices.
As of press time,
- 65% wolframite concentrate was priced at RMB 1,025,000/ton, up 122.8% from the beginning of the year.
- 65% scheelite concentrate was priced at RMB 1,024,000/ton, up 123.1% from the beginning of the year.
- Ammonium paratungstate (APT) was priced at RMB 1,500,000/ton, up 123.9% from the beginning of the year.
- European APT was priced at USD 2,500-2,800/mtu (equivalent to RMB 1.524-1.706 million/ton), up 188.0% from the beginning of the year.
- Tungsten powder was priced at RMB 2,380/kg, up 120.4% from the beginning of the year.
- Tungsten carbide powder was priced at RMB 2,320/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.
- 70% ferrotungsten was priced at RMB 1.42 million/ton, up 118.5% from the beginning of the year.
- European ferrotungsten was priced at USD 305-322/kg W (equivalent to RMB 1.465-1.543 million/ton), up 128.0% from the beginning of the year.
- Scrap tungsten rods were priced at RMB 1,250/kg, down 3.9% week-on-week, but up 108.3% from the beginning of the year.
- Scrap tungsten drill bits were priced at RMB 1,230/kg, down 5.4% week-on-week, but up 112.1% year-on-year.
