Analysis of latest tungsten market from Chinatungsten Online
On Monday, tungsten prices remained stable, with a continued atmosphere of supply-demand tug-of-war. The macro environment was disrupted by U.S. tariff policies, leading most participants to adopt a wait-and-see approach. The overall market showed a sideways consolidation trend, with ongoing attention to market signals and policy changes.
Tungsten Concentrate Market
Enterprises faced challenges from declining ore grades at mines, coupled with stringent regulatory requirements on safety, environmental protection, and mining quotas. Combined with sellers’ reluctance to sell at lower prices, supply at the mining end remained tight, and prices held firm. The price for 65% black tungsten concentrate was reported at RMB 144,000/ton.
Ammonium Paratungstate (APT) Market
The cost side remained relatively firm, providing some support for smelting product prices. However, downstream buyers continued to push for lower prices, resulting in a cautious market atmosphere with limited spot transactions. Most trades were conducted through long-term contracts or just-in-time purchases. The quoted price was RMB 214,000/ton, though actual transaction prices showed slight softening.
Tungsten Powder Market
The industry faced significant cost pressures, with unclear demand expectations from the alloy sector. Market sentiment was cautious, and new order activity remained subdued, with participants largely on the sidelines. Tungsten powder prices stabilized around RMB 318/kg, while tungsten carbide powder was priced at RMB 313/kg.
Ferrotungsten Market
The supply-demand balance was relatively stable, though macroeconomic uncertainties persisted. Enterprises maintained a steady mindset, with transactions driven primarily by essential demand. The market held stable, with 70% ferrotungsten priced at RMB 219,000/ton.
Tungsten Waste and Scrap Market
Primary raw material supply was relatively tight, leading to some release of demand for recycled materials. However, limited by weak alloy sector demand and constrained profit margins, traders remained cautious, and market liquidity was restricted.
Prices of tungsten products on April 14, 2025
Picture of tungsten crucible
