The tungsten raw material market has remained stable this week.
After a prolonged downward trend in the early stage, the domestic tungsten raw material market has temporarily stopped falling and stabilized this week.
The spot quotations of tungsten concentrate and ammonium paratungstate (APT) have shown a significant narrowing of fluctuations. Both the upstream and downstream sectors are now in a window of negotiation and observation.
From the supply side, after a round of price downward adjustment, the willingness of upstream mines and holding traders to sell at low prices has weakened, and the sentiment of holding and maintaining prices has increased.
The supply of low-priced circulating goods in the market has gradually decreased, providing bottom support for the raw material prices. In combination with the domestic policy of total control on tungsten ore mining volume, the long-term supply side of raw materials remains rigid, and the further deep decline in the short term is limited.
From the demand side, currently, it is still in the off-season for traditional consumption of hard alloys and general machinery. Most downstream tungsten processing enterprises (welding wire, tungsten rods, tungsten profiles, and tungsten products for coating factories) maintain an order-by-order purchasing and low inventory operation mode, and large-scale replenishment behaviors have not yet occurred. The downstream orders related to vacuum coating and light source filaments are stable, and enterprises mainly consume their existing inventories. The overall market transactions are relatively quiet.
In terms of prices, the spot center of 65% black/white tungsten concentrate and national standard zero-grade ammonium paratungstate remained stable this week, with the day-to-day fluctuation range narrowing; the quotations of intermediate products such as tungsten powder and tungsten billets followed the raw materials and remained stable, and the factory quotations of tungsten wires and tungsten processing materials have not made significant adjustments.
Market perspective: The short-term tungsten raw materials may maintain a range-bound pattern. Whether the market can achieve a sustained rebound still requires key observation of two points: one is the recovery pace of downstream manufacturing operations, and the other is the release situation of foreign trade terminal orders.
In the short term, conditions for "sharp rise and sharp fall" do not exist. The industry mainly conducts transactions based on small batches of urgent needs. For tungsten product purchasers, the current periodical stability of raw materials is conducive to cost calculation and is suitable for locking in regular specification orders as needed; in the medium and long term, it is still recommended to continuously track the supply mentality of the mine end and the signal of downstream seasonal stockpiling.
During this time , when you have any needs regarding tungsten electrodes and tungsten wires, contact us .
Contact person : Tracy
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