Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices continued to rise strongly, supported by factors including the tight fundamentals of tungsten ore supply and the sharp increase in quotations by industry institutions and leading tungsten companies that attracted much attention at the beginning of the month, which further boosted market confidence. In addition, the frequent price increase letters from cemented carbide companies since March not only reflected the pressure of rising raw material costs to be transmitted to the downstream, but also reversely boosted the upward momentum of tungsten raw material prices. According to statistics from Chinatungsten Online, the current round of tungsten ore prices has risen by 9.3% from the RMB 140,000/ton level.
However, from the demand side, the release of actual market consumption has been hindered. Affected by the uncertainty of the global economic and geopolitical environment, as well as the risk aversion of participants and resistance to high raw material prices, the market trading performance was calm. The current tungsten market generally presents a "weak supply and demand" pattern, the game between buyers and sellers has intensified, and the cost-driven upward trend will be maintained in the short term. Be wary of traders taking profits, as well as the possible suppression from the demand side and the macro side.
Prices of Tungsten Products on May 08, 2025
Picture of Tungsten Alloy Counterweights
