Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices continue to climb, still dominated by tight supply of tungsten raw materials and rising prices, with strong cost support. At present, low-price reluctance to sell is evident on the supply side, while the consumption side lacks sufficient capacity to absorb, prolonging the market inventory digestion cycle. Industry insiders point out that although there are optimistic expectations for the tungsten market in the fourth quarter, this round of surge has come fast and fierce, requiring market participants time and space to react, with relatively few actual transactions concluded. It is expected that tungsten prices will maintain oscillating highs in the short term, but downstream acceptance needs to be monitored, and risks of some profit-taking pullbacks should be guarded against.
As of press time,
65% black tungsten concentrate is priced at RMB 296,000/ton, up 107% from the beginning of the year.
65% white tungsten concentrate is priced at RMB 295,000/ton, up 107.8% from the beginning of the year.
Ammonium paratungstate (APT) is priced at RMB 435,000/ton, up 106.2% from the beginning of the year.
European APT prices are reported at USD 610-685/mtu (equivalent to RMB 383,000-430,000/ton), up 96.2% from the beginning of the year.
Tungsten powder prices are reported at RMB 650/kg, up 105.7% from the beginning of the year.
Tungsten carbide powder prices are reported at RMB 635/kg, up 104.2% from the beginning of the year.
Cobalt powder prices are reported at RMB 500/kg, up 194.1% from the beginning of the year.
70% ferrotungsten is reported at RMB 403,000/ton, up 87.4% from the beginning of the year.
European ferrotungsten prices are reported at USD 88-91/kg W (equivalent to RMB 437,000-452,000/ton), up 103.4% from the beginning of the year.
Scrap tungsten rod prices are reported at RMB 450/kg, up 104.5% from the beginning of the year.
Scrap tungsten drill bits are reported at RMB 428/kg, up 87.7% from the beginning of the year.
Prices of Tungsten Products on October 30, 2025
Tungsten Price Trend from January to October 30, 2025
