Analysis of latest tungsten market from Chinatungsten Online
The tungsten market offers appear somewhat chaotic, with a combination of industry supply-demand imbalance, geopolitical policy games among major powers, and global economic turbulence leading to a divergence in market sentiment between bullish and bearish outlooks. Traders are wavering between cautious stabilization and tentative price hikes, resulting in widening price spreads for tungsten products, an overall stalemate in transactions, and sluggish spot market circulation.
The view that supply at the mining end is tight and prices are firm is relatively clear, with low-end resources hard to come by in the market and high-end transactions yet to break through. A tungsten enterprise in Jiangxi has quoted RMB 143,500/ton for national standard first-grade black tungsten concentrate.
Although long-term contract prices for smelting products have seen some upward adjustments, they still lag behind the spot price to a certain extent. According to Chinatungsten Online, a tungsten enterprise in Fujian has set a long-term procurement price for ammonium paratungstate (APT) at RMB 209,000/ton. However, the psychological price level for APT in the spot market is generally above RMB 212,000/ton.
Tungsten powder is priced at RMB 316/kg, and tungsten carbide powder at RMB 311/kg, with growing sentiment among traders to follow the price increases. However, actual transactions remain constrained by downstream consumption resistance, such as in the alloy sector. The contradiction between the cost transmission of tungsten raw materials and the pressure from demand has suppressed market activity, with most industry insiders adopting a wait-and-see approach, awaiting the latest price guidance from Jiangxi institutions and tungsten enterprises today.
Prices of tungsten products on April 08, 2025
Picture of ammonium paratungstate
