Analysis of Latest Tungsten Market from Chinatungsten Online
The tungsten market remains strong, and the prices of major tungsten raw materials are at their highest point so far.
The price of 65% wolframite concentrate is at RMB 175,000/ton, up 22.4% from the beginning of the year. Resource scarcity is the main driver of the market. Holders are reluctant to sell, downstream users have limited ability to bear the price of raw materials, and there is not much spot circulation in the market.
The price of ammonium paratungstate (APT) rose to RMB 255,000/ton, up 20.9% from the beginning of the year. High costs and weak demand squeeze the smelters in a dilemma, and the quotation adjustment follows the price of raw materials and the long-term order price of tungsten enterprises.
The price of tungsten powder is RMB 381/kg, up 20.6% from the beginning of the year. The price of tungsten carbide powder is RMB 373/kg, up 19.9% from the beginning of the year. The continuous rise in raw material prices has led to changes in consumer behavior and suppressed market trading enthusiasm. According to a survey conducted by China Tungsten Online, compared with large enterprises with stronger bargaining power, supply chain integration capabilities and sufficient capital reserves, small and medium-sized powder metallurgy enterprises with limited resources and cost control capabilities are facing greater pressure to reduce and stop production and the risk of market share being squeezed.
The price of 70 ferrotungsten exceeded the RMB 260,000/ton mark, up 20.9% from the beginning of the year. The recent market demand is limited, but the cost side is strongly supported, and the market situation is stable.
The price of tungsten waste and scrap has strengthened. Taking tungsten scrap bars as an example, the current quotation has risen by about 20% from the beginning of the year. The main driving factor for the strong price of tungsten scrap is that the scarcity and high price of tungsten raw material resources have enhanced the substitution effect of scrap and promoted price resonance. In addition, the rapid development of the green recycling industry has further promoted the optimization of supply and demand and value revaluation in the scrap market.
Prices of Tungsten Products on July 9, 2025
Tungsten Price Trend from January to July 9, 2025
