Analysis of latest tungsten market from Chinatungsten Online
Tungsten prices rose on Monday, with obvious supply-side push and lagging demand-side response. The tungsten market is characterized by an interplay of supply and demand dynamics alongside policy interventions, resulting in a situation where prices are high but trading volume is low. Industry participants generally awaiting the release of long-term procurement prices from major tungsten enterprises for the latter half of the month.
Notably, due to export controls on dual-use items, China's export data for tungsten oxide, ammonium paratungstate, and tungsten carbide in March was zero.
The price of 65% black tungsten concentrate was RMB 146,000/ton. The holders were reluctant to sell and pushed up the quotation, but the downstream buying power was insufficient, and the overall transaction confidence was limited.
The price of ammonium paratungstate was RMB 215,000/ton. The pressure from both cost and demand is significant, resulting in low enthusiasm among smelters for production and quoting. The market is cautiously exploring price increases, with few spot orders, as participants await guidance from the long-term contract prices of representative domestic tungsten enterprises.
The price of tungsten powder is RMB 320/kg, and the price of tungsten carbide powder is RMB 315/kg. The current international political and economic situation is turbulent, and the market trading conditions are poor, but the cost factor supports the overall market negotiation, and the transaction remains cautious and on demand.
The price of 70 ferrotungsten is RMB 220,000/ton. The market is dominated by the intention to follow the rise. The actual supply and demand relationship has changed limitedly. Traders are cautious and wait and see the update of fundamental news.
The price of scrap tungsten has been stable and rising, mainly affected by the transmission of the strong atmosphere at the tungsten ore end. The actual consumption momentum of the downstream is limited, and the market trade sentiment remains cautious.
Prices of tungsten products on April 21, 2025
Picture of tungsten alloy rods
