Tungsten Market Showed an Initial Rise Followed by a Decline in Q1 2025

In the first quarter of 2025, China tungsten market exhibited a trend of initial rise followed by a decline, with supply-demand contradictions becoming prominent. In terms of average prices, the average price of 65% black tungsten concentrate in the first quarter was 143,400 yuan/ton, up 0.70% quarter-on-quarter; the average price of ammonium paratungstate was 211,200 yuan/ton, up 0.43% quarter-on-quarter; the average price of tungsten powder was 316.53 yuan/kg, up 0.67% quarter-on-quarter; the average price of tungsten carbide powder was 311.53 yuan/kg, up 0.68% quarter-on-quarter; the average price of 70% ferrotungsten was 217,000 yuan/ton, up 1.97% quarter-on-quarter.

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