Analysis of latest tungsten market from Chinatungsten Online
On April 2, 2025, the price trend of tungsten showed a steady trend. The tightening of the supply side was the main driving factor. The demand side was still not ideal, and the market trading activity was limited.
The price of 65% black tungsten concentrate was $20,000.0/ton. There was no new supplement in the supply chain. The game between major powers in key minerals pushed up the expectation of scarcity of tungsten strategic resources. Holders remained reluctant to sell, and the market was relatively stable.
The price of ammonium paratungstate (APT) was $335.8/ton. Due to the difficulty in finding low-priced raw materials, traders have more intentions to explore high prices recently. However, the downstream follow-up demand is limited, and there are few spot orders in the market. Wait and see a new round of long-term orders from large companies.
The price of tungsten powder is $44.4/kg, and the price of tungsten carbide powder is $43.7/kg. The price of tungsten raw materials has been transmitted upward, and merchants have more sentiment to follow the rise. However, downstream cemented carbide companies have little willingness to purchase, the market has limited room for exploration, and trading orders are mainly on demand.
The price of 70 ferro tungsten is $30,563.4/ton. The support from upstream mines has been slightly strengthened, and downstream steel mills remain cautious in purchasing. The market fluctuations are relatively slow, and the transaction volume and price have not been significantly enlarged.
The price of scrap tungsten has risen slightly, and the alloy cost has been pushed up by the price of tungsten and cobalt raw materials. However, consumption has not met expectations due to economic pressure and trade barriers. The market is still cautious and wait-and-see, and the transaction is deadlocked.
Prices of tungsten products on April 02, 2025
Picture of ferro tungsten
