Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices are in a strong cycle, but the contradiction between market supply and demand has intensified, confidence in various links of the industrial chain is mixed, and the overall trading atmosphere tends to be cautious.
The supply of tungsten concentrate market continues to be tight, and prices remain high. The price of 65% black tungsten concentrate has reached RMB 176,000/ton, with a cumulative increase of more than 23% this year. Low-priced resources are hard to find in the market, but customers who can accept high-priced raw materials are also rare, and the overall transaction is cold.
The ammonium paratungstate (APT) market is driven by upstream mineral prices, and the quotations continue to be high, with the mainstream price at RMB 255,000/ton. At present, foreign trade demand is still restricted by export control measures, while domestic trade demand has shrunk due to high costs, the market trading activity is insufficient, and smelters are operating cautiously at low operating rates.
The cost pressure in the powder metallurgy link is significant, the price of tungsten powder has risen to RMB 382/kg, and the price of tungsten carbide powder is RMB 374/kg. Cemented carbide and tungsten material companies passively issued price increase letters again. However, the end-users have limited acceptance of the rising raw material prices, and the market is generally cautious in purchasing and selling, with few new orders.
Due to the increase in cost push, the ferrotungsten market has moved up, and the price of 70 ferrotungsten has reached RMB 262,000/ton. However, the off-season atmosphere in the steel industry has slightly emerged recently, and the market transaction atmosphere is relatively calm.
The tungsten waste and scrap market is also in a strong cycle due to the cost transmission of the industrial chain, but the buying and selling sentiments are not matched, the overall market volume and price space is limited, and the participants are in a wait-and-see mood.
Prices of Tungsten Products on July 10, 2025
Tungsten Price Trend from January to July 10, 2025
