Analysis of Latest Tungsten Market from Chinatungsten Online
On Monday, the domestic tungsten market remained stable overall. Although market confidence was supported to a certain extent, the overall trading atmosphere was weak due to the stalemate between supply and demand. The industry generally waited and waited for the guidance of a new round of industry institutions and mainstream tungsten companies.
The mainstream quotation of 65% black tungsten concentrate remained at RMB 174,000/ton. The ongoing geopolitical conflict events strengthened the strategic value of tungsten resources, increased the reluctance of holders to sell bullish mentality, and the market continued the trend of tight supply and strong prices. However, downstream users have limited acceptance of high prices, and there are differences in price expectations between buyers and sellers, resulting in a weak actual transaction atmosphere and poor circulation of high-priced resources.
The price of ammonium paratungstate (APT) was RMB 253,000/ton. The high price of raw material ore constitutes a strong cost support, but the weak demand of downstream manufacturing industry and the obstruction of export channels have led to low trading activity in the APT market. Under the dual squeeze of cost pressure and sluggish sales, smelters generally maintain a low operating rate, and the market situation is cautiously adjusted according to the supply and demand relationship. According to Chinatungsten Online, the latest APT long-order purchase price of a tungsten enterprise in Fujian is 251,000/ton, which is 1,000/ton higher than the quotation in the second half of June.
The price of tungsten powder is RMB 378/kg, and the price of tungsten carbide powder is RMB 371/kg. Powder enterprises are facing the pressure of differentiation between production costs and order demand, and market transactions are mainly based on rigid demand. After the inventory consumption, some alloy enterprises have slightly increased their passive acceptance of costs, and the overall transaction increase is limited.
The price of 70 ferro tungsten is RMB 258,000/ton. The market situation is mainly driven by the rigid factors of tungsten raw material costs and steel mill demand. The overall transaction initiative has weakened, and the market is in a short-term stalemate.
The price of scrap tungsten has been rising steadily. Thanks to the cost effect of raw tungsten products and the rigid demand replenishment behavior of downstream users, the market inquiry atmosphere has slightly warmed up, and the bargaining advantage is tilted towards the seller. However, the actual increase in demand is limited, and the stalemate in the market still exists.
Prices of Tungsten Products on July 7, 2025
Picture of Cemented Carbide Spherical Shape Bits
