Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices remained on an upward trend this week, primarily driven by the tungsten concentrate market. Yesterday, the announcement of long-term contract prices by two tungsten companies in Jiangxi boosted sentiment in the tungsten raw material market, and the scrap tungsten market also reacted positively, with prices of major tungsten products and scrap increasing to varying degrees.
However, the differences in tungsten concentrate prices among large tungsten companies, and the differences between the long-term APT purchase prices of large companies and spot market prices, reflect divergent sentiments among market participants regarding future market expectations. With prices currently at high levels, the tungsten industry chain is highly sensitive, with both buyers and sellers adopting a cautious approach, and transactions revolving around rigid demand.
As of press time,
65% wolframite concentrate was priced at RMB 330,000/ton, up 3.8% week-on-week and 130.8% year-to-date.
65% scheelite concentrate was priced at RMB 329,000/ton, up 3.8% week-on-week and 131.7% year-to-date.
Ammonium paratungstate (APT) price was reported at RMB 485,000/ton, up 2.1% week-on-week and 129.9% year-on-year.
European APT price was reported at USD 673.75-705/mtu (equivalent to RMB 424,000-444,000/ton), up 2.3% week-on-week and 108.9% year-on-year.
Tungsten powder price was reported at RMB 775/kg, up 2% week-on-week and 145.3% year-on-year.
Tungsten carbide powder price was reported at RMB 745/kg, up 2.1% week-on-week and 139.6% year-on-year.
Cobalt powder price was reported at RMB 510/kg, unchanged week-on-week but up 200% year-on-year.
70% ferrotungsten was reported at RMB 446,000/ton, up 2.5% week-on-week and 107.4% year-on-year.
European ferrotungsten prices were reported at USD 92-94/kg W (equivalent to RMB 458,000-468,000/ton), unchanged week-on-week but up 111.4% year-to-date.
Scrap tungsten rod prices were reported at RMB 475/kg, up 1.1% week-on-week and up 115.9% year-to-date.
Scrap tungsten drill bits prices were reported at RMB 442/kg, up 1.1% week-on-week and up 93.9% year-to-date.
Prices of Tungsten Products on November 21, 2025
Tungsten Price Trend from January to November 21, 2025
