Analysis of Latest Tungsten Market from HAO CARBIDE

The stable, wait-and-see attitude continues for tungsten concentrate and ammonium paratungstate (APT) prices, mainly due to improved sentiment among holders and support from long-term contracts with large tungsten enterprises. Suppliers are reducing profit-taking, but consumers remain hesitant, with actual market transactions hovering around RMB 400,000/ton.

Tungsten powder prices are rapidly adjusting towards the RMB 1,000 mark. Industry players generally report that downstream purchasing orders are low due to the continued downward trend, resulting in sluggish market transactions. As powder prices catch up with raw material costs and gradually return to a rational range, the market is expected to stabilize, potentially leading to the release of pent-up downstream demand. Currently, the price difference between market quotations, asking prices, and actual transaction prices remains significant, reflecting divergent market sentiment and resistance to transactions.

The tungsten scrap market maintains a narrow range of fluctuations, with both buyers and sellers engaging in tentative price increases and decreases. Sellers, constrained by recycling costs, are unwilling to sell at low prices; buyers, influenced by weak demand and pressure in the virgin raw material market, are more willing to negotiate prices. Market dynamics are locked in a tug-of-war, with limited transactions.

As of press time,

65% wolframite concentrate is priced at RMB 410,000/ton, down 61.0% from its high and 10.9% from the beginning of the year.

65% scheelite concentrate is priced at RMB 409,000/ton, down 61.0% from its high and 10.9% from the beginning of the year.

Ammonium paratungstate (APT) is priced at RMB 660,000/ton, down 56.6% from its high and 1.5% from the beginning of the year.

European APT is priced at USD 3,000-3,140/mtu (equivalent to RMB 1.801-1.885 million/ton), down 2.2% from its high but up 233.7% from the beginning of the year.

Tungsten powder is priced at RMB 1100/kg, down 54.2% from their peak, but up 1.9% from the beginning of the year.

Tungsten carbide powder is priced at RMB 1050/kg, down 55.1% from their peak, but up 1.0% from the beginning of the year.

Cobalt powder is priced at RMB 565/kg, down 2.6% from their peak, but up 8.7% from the beginning of the year.

70% ferrotungsten is priced at RMB 700,000/ton, down 50.7% from their peak, but up 7.7% from the beginning of the year.

European ferrotungsten is priced at USD 255-257.5/kg W (equivalent to RMB 1.211-1.223 million/ton), down 21.2% from their peak, but up 86.4% from the beginning of the year.

Scrap tungsten rods are priced at RMB 630/kg, down 54.0% from their peak, but up 5.0% from the beginning of the year.

Scrap tungsten drill bits are priced at RMB 580/kg, a 57.7% drop from its peak, and the same as the price at the beginning of the year.

For any customized processing needs of tungsten, molybdenum metals, carbides & alloys, please contact Catherine (Email: catherine@haocarbide.com), which has 15 years of design and production experience in tungsten and molybdenum. You are sure to receive a satisfactory answer!