Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices maintained a narrow range of fluctuation, with overall market sentiment remaining weak recently. This was mainly due to profit-taking ahead of the New Year's Day holiday, leading to a shift from a seller's market to a buyer's market, which suppressed market sentiment and product prices. Yesterday, international precious metals were also affected by similar factors, with COMEX gold falling over 4% and silver dropping 7%.
However, actual feedback from various ends of the tungsten industry chain indicates that, given the tight supply and complex international environment, the market has not formed a unified expectation of further declines. The recent decline in tungsten raw material prices has been relatively restrained, while the decline in tungsten scrap prices has slowed slightly after some profit-taking and release of pressure. The tungsten market is generally dominated by cautious wait-and-see sentiment before the holiday.
As of press time,
65% wolframite concentrate is priced at RMB 460,000/ton, down 0.4% from its high, but up 221.7% since the beginning of the year.
65% scheelite concentrate is priced at RMB 459,000/ton, down 0.4% from its high, but up 223.2% since the beginning of the year.
Ammonium paratungstate (APT) is priced at RMB 670,000/ton, down 1.5% from its peak, but up 217.5% from the beginning of the year.
European APT is priced at USD 825-900/mtu (equivalent to RMB 511,000-558,000/ton), up 161.4% from the beginning of the year.
Tungsten powder is priced at RMB 1080/kg, up 241.8% from the beginning of the year.
Tungsten carbide powder is priced at RMB 1040/kg, up 234.4% from the beginning of the year.
Cobalt powder is priced at RMB 515/kg, up 202.9% from the beginning of the year.
70% ferrotungsten is priced at RMB 655,000/ton, down 0.8% from its peak, but up 202.3% from the beginning of the year.
European ferrotungsten is priced at USD 133-142/kg W (equivalent to RMB 652,000-696,000/ton), up 212.5% from the beginning of the year.
Scrap tungsten rods are priced at RMB 610/kg, down 7.6% from its peak, but up 177.36% from the beginning of the year.
Scrap tungsten drill bits are priced at RMB 590/kg, down 5.6% from its peak, but up 158.8% from the beginning of the year.
Prices of Tungsten Products on December 30, 2025
Tungsten Price Trend from January to December 30, 2025
