Analysis of latest tungsten market from Chinatungsten Online
Tungsten prices remain strong, with the main driving force coming from the support of the supply side. The quotations of major producing institutions and several large tungsten companies increased significantly during the week, further stimulating the market sentiment of tungsten raw material holders.
There is insufficient positive information on the demand side. Recently, the tariff conflict provoked by the United States has intensified, causing a huge shock in the global financial market, exacerbating the instability of the recovery of the domestic and foreign economies and manufacturing industries, and indirectly affecting the supply chain situation and demand expectations of tungsten products in the domestic and foreign markets. Under the risk of reshaping the international trade pattern, the risk aversion sentiment of both buyers and sellers in the tungsten market has increased, and the trading atmosphere is cautious and stalemate.
Quotations from institutions and tungsten companies: 55% black tungsten concentrate price is RMB 142,000/ton, 55% scheelite concentrate price is RMB 141,000/ton, national standard zero-grade ammonium paratungstate price is RMB 211,000/ton, and medium-grained tungsten powder price is RMB 322/kg.
Prices of tungsten products on April 09, 2025
Picture of tungsten rod
