Analysis of Latest Tungsten Market from Chinatungsten Online
On the first trading day after the National Day holiday, the tungsten market was dominated by cautious wait-and-see sentiment, with limited actual transactions. Tungsten product prices remained stable for the time being, with industry players awaiting guidance from a new round of long-term orders from large tungsten companies.
The price of 65% wolframite concentrate was quoted at RMB 271,000/ton. Miners showed a strong desire to stabilize the market, but downstream demand remained strong, and the overall market remained under pressure.
The price of ammonium paratungstate (APT) was quoted at RMB 393,000/ton. Manufacturers were largely cautious about the upstream and downstream dynamics, with limited profit margins and divergent market sentiment, and were trading according to market trends.
Tungsten powder was quoted at RMB 625/kg, and tungsten carbide powder at 610/kg. Significant demand pressure on the powder metallurgy side, coupled with a sluggish market sentiment on the raw material side, led to low market inquiries and orders, resulting in cautious demand-driven sales, putting pressure on actual transactions.
The price of 70% ferrotungsten was quoted at RMB 385,000/ton. Pre-holiday fluctuations in both costs and demand dampened market sentiment, creating market resistance.
The price of scrap tungsten rods is reported at RMB 385/kg. The tungsten scrap market is experiencing significant divergence in sentiment between buyers and sellers. Market liquidity is limited due to uncertainties surrounding tungsten and cobalt raw material costs and cautious downstream consumption.
Prices of Tungsten Products on October 9, 2025
Tungsten Price Trend from January to October 9, 2025
