Analysis of Latest Tungsten Market from Chinatungsten Online
The tungsten market remains active, but the overall upward trend has moderated. On the one hand, the rapid rise in raw material prices requires time for downstream suppliers to react and absorb the impact. On the other hand, the price guidance announced by two tungsten producers in Jiangxi yesterday, while significantly increased, signals a stabilization of the market compared to the aggressive market sentiment. Currently, the tungsten market is locked in a supply-demand tug-of-war, with poor liquidity in the industry chain and most participants adopting a cautious, wait-and-see attitude.
The price of 65% wolframite concentrate is reported at RMB 216,000/ton, a 51.1% increase from the beginning of the year. The atmosphere at the mining end is heated, but downstream acceptance is weak, limiting the actual transfer of resources to downstream consumption.
The price of ammonium paratungstate (APT) is reported at RMB 322,000/ton, up 52.6% from the beginning of the year. Smelting profits remain at low industry levels, with a strong follow-the-rise sentiment in the market, but high-price orders are difficult to secure.
The price of tungsten powder is reported at RMB 485/kg, up 53.5% from the beginning of the year. Tungsten carbide powder is priced at RMB 470/kg, up 51.1% from the beginning of the year. Powder-end quotations are somewhat chaotic, with actual transactions occurring on a need-based, case-by-case basis.
70 ferrotungsten is priced at RMB 322,000/ton, up 49.8% from the beginning of the year. With tungsten raw material prices continuously climbing, steel mills’ essential demand passively follows, keeping the ferrotungsten market robust.
Tungsten scrap bar prices are priced at RMB 372/kg, up 69.1% from the beginning of the year. The tungsten waste and scrap market are following the raw material price increase, with traders hesitating between holding for higher prices and cashing in profits, resulting in limited market liquidity.
Prices of Tungsten Products on August 21, 2025
Tungsten Price Trend from January to August 21, 2025
