Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices remain strong, and supply and demand game and market sentiment are the key factors that dominate the recent market trend. The market presents a stalemate of low-priced resources and low high-priced transactions.
Affected by the continuous rise in the prices of tungsten and molybdenum raw materials, downstream enterprises such as alloys, special steels, and tungsten materials have started a new round of product price increases since the beginning of the third quarter to cope with cost pressure, but the actual transaction has been slow.
Prices of Major Tungsten Raw Materials:
65% wolframite concentrate is quoted at RMB 177,500/ton, up 24.1% from the beginning of the year. Dominated by policy and sentiment, spot circulation is tight.
Ammonium paratungstate (APT) is quoted at RMB 258,000/ton, up 22.3% from the beginning of the year. The cost transmission of the tungsten industry chain is blocked, and the cost inversion pressure of smelters is great.
Tungsten powder is quoted at RMB 388/kg, up 22.8% from the beginning of the year. Tungsten carbide powder is quoted at RMB 378/kg, up 21.5% from the beginning of the year. Downstream deep processing enterprises are cautious in inventory management, and market procurement activity is relatively low.
The price of 70 ferrotungsten is RMB 264,000/ton, up 22.8% from the beginning of the year. Cost support is strong, steel mills purchase on demand, and the market follows the price of raw materials.
The price of scrap tungsten bars is RMB 273/kg, up 24.1% from the beginning of the year. The price of tungsten scrap remains strong along with the price of new materials, and the psychological price gap between buyers and sellers affects liquidity.
Prices of Tungsten Products on July 15, 2025
Tungsten Price Trend from January to July 15, 2025
