Analysis of Latest Tungsten Market from Chinatungsten Online
A new round of forecast prices from industry institutions and long-term procurement prices from major tungsten enterprises have been successively announced. The quotation increases of over 13% for tungsten raw materials reflect the positive trend in the tungsten market over the past half month, while further bolstering the confidence of market participants.
However, this round of tungsten price surge lacks solid fundamental support. The current tungsten market is in a delicate pattern of weak supply and demand. After prices break through the psychological high defense lines of most participants, some cargo holders show stronger willingness to cash in profits, while consumers exhibit obvious fear of heights. The market has generally fallen into a wait-and-see mode, with slow liquidity, reduced capital turnover efficiency, and increased risk of price fluctuations.
As of press time,
65% wolframite concentrate was priced at RMB 313,000/ton, up 118.9% from the beginning of the year.
65% scheelite concentrate was priced at RMB 312,000/ton, up 119.7% from the beginning of the year.
Ammonium paratungstate (APT) price was RMB 463,000/ton, up 119.4% from the beginning of the year.
European APT prices are reported at USD 610-685/mtu (equivalent to RMB 384,000-431,000/ton), up 96.2% from the beginning of the year.
Tungsten powder prices are reported at RMB 720/kg, up 127.9% from the beginning of the year.
Tungsten carbide powder prices are reported at RMB 700/kg, up 125.1% 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 426,000/ton, up 98.1% from the beginning of the year.
European ferrotungsten prices are reported at USD 92-94/kg W (equivalent to RMB 459,000-469,000/ton), up 111.4% from the beginning of the year.
Scrap tungsten rod prices are reported at RMB 470/kg, up 113.6% from the beginning of the year.
Scrap tungsten drill bits are reported at RMB 437/kg, up 91.7% from the beginning of the year.
Prices of Tungsten Products on November 6, 2025
Tungsten Price Trend from January to November 6, 2025
