Analysis of latest tungsten market from Chinatungsten Online
On Monday, tungsten prices continued to remain stable, with market liquidity still tight ahead of the Lantern Festival. Overall, production and trading sentiments were cautious. The market fundamentals maintained a situation of dual weakness, with policy focus mainly on the actual implementation of Sino-US relations and related tariffs and regulatory measures, as well as information from the National People's Congress and the Chinese Political Consultative Conference in March.
In the tungsten concentrate market, the tight resource situation continued, and holders were relatively positive in their outlook. Downstream users mainly purchased on an as-needed basis, leading to relatively slower high-price transactions in the market. The price of 65% wolframite concentrate remained at RMB $20,563.4/ton.
In the ammonium paratungstate (APT) market, cost factors remained firm, while demand activity was insufficient. The market was dominated by long-term agreements, and sentiment towards future market trends was cautious. APT prices stagnated at around $340.6/mtu.
In the tungsten powder market, demand growth was not pronounced, and market transactions were mainly characterized by a stalemate atmosphere. Price fluctuations were relatively limited, with tungsten powder prices consolidating at $45.1/kg and tungsten carbide powder prices stagnating at around $44.4/kg.
In the ferrotungsten market, upstream tungsten ore prices remained relatively stable, and downstream steel plants maintained rigid demand. The overall market operated stably, with attention focused on international supply chain risks. Domestic 70% ferrotungsten prices were quoted at $30,704.2/ton.
In the scrap tungsten market, although the recycling industry had significant development potential in the long term, in the short term, due to supply-demand mismatch pressures and uncertainties in the macroeconomic environment, the overall market trading initiative was limited, and market conditions tended to remain stable.
In the cobalt market, inventory pressures caused by relatively loose supply continued to affect corporate bidding sentiments. Additionally, downstream consumption was relatively weak, and demand in the alloy and consumer electronics markets was lackluster. The application share of ternary materials in the automotive market was relatively weak. Overall, the market maintained a pattern of weak stability, with cobalt powder prices stagnating at around $23.5/kg.
Prices of tungsten products on February 10, 2025
Picture of ferro tungsten
