Analysis of latest tungsten market from Chinatungsten Online
Tungsten prices showed a steady upward trend this week. On the supply side, due to resource scarcity and upstream control strategies, the price bottom of tungsten products is relatively solid. On the demand side, constrained by weak terminal consumption and uncertainty in the economic environment, the market trading rhythm is slow. On the macro side, the escalation of international trade barriers has pushed up the premium of strategic resources, but geopolitical risks have suppressed global industrial investment willingness, and domestic dual-use item controls have suppressed export demand. The overall risk appetite of the tungsten market is limited, and participants remain on the sidelines, paying attention to a new round of institutional and corporate quotations at the beginning of the month, as well as macro policy signals.
The price of 65% wolframite concentrate is testing above $20,000.0/ton. There is no sign of loosening on the supply side in the short term, and the holders are confident. The progress of demand-side repair has not yet been clarified. The enthusiasm of buyers to receive goods is limited, and the overall market transaction is still deadlocked.
The price of ammonium paratungstate (APT) is $335.8/ton. Recently, traders have been more eager to explore higher prices, but the downstream acceptance is insufficient. The market confidence differentiation has led to a widening of the price difference between quotations. The upstream and downstream of the industrial chain are still in a game, and there are fewer spot single transactions.
The price of tungsten powder is $44.4/kg, and the price of tungsten carbide powder is $43.7/kg. The price transmission effect of tungsten raw materials and the increase in alloy product prices have boosted the willingness of merchants to follow the increase, but the driving force of market demand is limited, which inhibits the overall upward space.
The price of 70 ferro tungsten has reached about $30,563.4/ton. The upstream support is slightly strong, the downstream performance is cautious, the trading mentality in the market is still conservative, and the strategy of following the market is dominant.
The price of tungsten waste and scrap showed an upward trend during the week, mainly because the strengthening of tungsten and cobalt raw material prices stimulated the price increase of alloy products, and at the same time pushed up the purchasing demand expectations of alternative recycled raw materials. However, given the pressure of repairing the overall manufacturing demand, the market still has the risk of shocks, and the overall sales are cautious.
Prices of tungsten products on April 03, 2025
Picture of tungsten alloy rings
