Tungsten carbide powder: market demand is higher, actual demand is still weak

Abstract The ongoing high prices in the raw material market have continued to put pressure on the tungsten industry. As of now, the mainstream price for 65-degree wolframite in the market is quoted at 13.2–13.5 yuan per ton, while the APT (Ammonium Paratungstate) price has remained stable at 19.2–19.5 yuan per ton. Rising production costs for tungsten powder have led to an increase in the prices of both tungsten powder and tungsten carbide. Despite the upward trend in prices, market demand remains weak. According to Fubao, downstream cemented carbide manufacturers are operating at low capacity, and end-user consumption has not picked up significantly. This has resulted in a sluggish overall market turnover. Currently, the mainstream price for the tungsten powder market is ranging between 296–298 yuan per kg, while the tungsten carbide market is trading around 293–295 yuan per kg. Although the supply chain continues to face challenges, market participants remain cautious as they monitor the balance between rising costs and weak demand. It's expected that further price fluctuations may occur depending on the performance of the downstream industries and global economic conditions.

Abstract The ongoing high prices in the raw material market have continued to put pressure on the tungsten industry. As of now, the mainstream price for 65-degree wolframite in the market is quoted at 13.2–13.5 yuan per ton, while the APT (Ammonium Paratungstate) price has remained stable at 19.2–19.5 yuan per ton. Rising production costs for tungsten powder have led to an increase in the prices of both tungsten powder and tungsten carbide. Despite the upward trend in prices, market demand remains weak. According to Fubao, downstream cemented carbide manufacturers are operating at low capacity, and end-user consumption has not picked up significantly. This has resulted in a sluggish overall market turnover. Currently, the mainstream price for the tungsten powder market is ranging between 296–298 yuan per kg, while the tungsten carbide market is trading around 293–295 yuan per kg. Although the supply chain continues to face challenges, market participants remain cautious as they monitor the balance between rising costs and weak demand. It's expected that further price fluctuations may occur depending on the performance of the downstream industries and global economic conditions. In addition, the current situation has prompted some producers to reconsider their pricing strategies, with some opting for short-term contracts to manage risk. Meanwhile, buyers are showing hesitation, waiting for more clarity on future trends. Overall, the tungsten market remains in a state of uncertainty, with both upward and downward pressures at play. As the industry moves forward, it will be crucial to track how demand evolves and whether new investment or policy changes can stimulate growth.