Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices continue to rise strongly. According to a survey conducted by China Tungsten Online, as of press time:
The price of 65% black tungsten concentrate is RMB 168,000/ton, with a daily increase of 3.7%, a weekly increase of 9.1%, and a cumulative increase of 20.0% in this round.
The price of 65% scheelite concentrate is RMB 167,000/ton, with a daily increase of 3.7%, a weekly increase of 9.2%, and a cumulative increase of 20.1% in this round.
The market is full of speculation on the concept of strategic resources, which has led suppliers to be reluctant to sell and support price increases. As the price profit margin expands, miners are more motivated to produce, while downstream acceptance decreases.
The price of ammonium paratungstate (APT) is RMB 248,000/ton, with a daily increase of 4.2%, a weekly increase of 9.7%, and a cumulative increase of 19.8% in this round.
The market faces the dual pressures of high costs and shrinking orders. Production enterprises are cautious in resisting the risk of inversion, and procurement and shipment are relatively conservative. Traders enter and exit quickly, make profits through rapid turnover, and market speculation heats up.
The price of tungsten powder is RMB 358/kg, with a daily increase of 2.9%, a weekly increase of 5.9%, and a cumulative increase of 14.7% in this round.
Tungsten carbide powder is RMB 353/kg, with a daily increase of 2.9%, a weekly increase of 6.0%, and a cumulative increase of 15.0% in this round.
The loss pressure of cemented carbide enterprises has increased sharply, and they are less motivated to purchase high-priced raw materials, mainly digesting old inventory. The demand for tungsten powder products is weak, the market is rising, and the transaction volume is shrinking.
The price of 70 ferrotungsten is RMB 248,000/ton, with a daily increase of 0.81%, a weekly increase of 5.1%, and a cumulative increase of 14.8% in this round.
The dominant factor of the market situation comes from the tungsten raw material end. The overall price trend is upward, and the downstream procurement and stocking have slowed down relatively.
Prices of Tungsten Products on May 16, 2025
Tungsten Price Trend Chart from January to May 16, 2025
