Analysis of Latest Tungsten Market from Chinatungsten Online
After the Fujian state-owned tungsten enterprises announced the long-term purchase price, two representative tungsten enterprises in Jiangxi also released tungsten raw material quotations, with a roughly consistent increase in half a month (8.3%-8.7%).
The significantly increased quotations have soothed the sensitive emotions of the market after reaching a high point to a certain extent, and also set a short-term reference target for the industry, and the price difference of spot tungsten products has narrowed slightly.
The current focus of market competition is: the price support formed by the rigid quota constraints on the resource side and the holders' reluctance to sell, and the adaptation cycle of the downstream application field to the new pricing mechanism. According to the China Tungsten Online survey, the sudden rise in prices has restricted the transmission efficiency of the tungsten industry chain in the short term. At present, the downstream's ability to digest high raw material costs is still insufficient, but the market players' emotions generally remain rational, and there is no obvious panic selling. The industry generally expects that the tungsten market will experience reasonable cyclical fluctuations in the short term and maintain a long-term upward track in the future. However, we must be vigilant against fluctuations caused by the rapid inflow and outflow of speculative funds and changes in the global economy, geography, and policies.
Prices of Tungsten Products on May 21, 2025
Picture of Tungsten Alloy Counterweights
