Analysis of latest tungsten market from Chinatungsten Online
Tungsten prices remain strong. On the one hand, the first batch of tungsten mining total control indicators this year have been lowered, strengthening the view of tight supply; on the other hand, the tungsten raw material quotations of several large domestic tungsten companies have been raised, consolidating the market's support for the market.
On the demand side, due to the many challenges facing the international trade environment and the need to further release the potential of the domestic large-scale circulation, coupled with the fear of heights caused by rising raw material prices, the overall demand momentum of the tungsten market is relatively insufficient, the market is cautious and on demand, and the transaction performance is light.
▏The first batch of tungsten mining total control indicators in 2025
The Ministry of Natural Resources issued the first batch of tungsten ore (tungsten trioxide content 65%) mining total control indicators of 58,000 tons in 2025, which is 4,000 tons less than the first batch of indicators in 2024, a decrease of 6.45%. Among them, Heilongjiang, Zhejiang, Anhui, and Hubei have not allocated indicators, and Jiangxi, Guangdong, Guangxi, Yunnan, Gansu and Xinjiang have allocated indicators that have been lowered to varying degrees.
▏Tungsten enterprise quotation in the second half of April 2025
According to China Tungsten Online, the national standard first-grade wolframite concentrate guidance price of a tungsten enterprise in Jiangxi is RMB 146,000/ton, which is RMB 2,500/ton higher than the quotation in the first half of the month.
Long-term purchase quotation of another tungsten enterprise in Jiangxi: wolframite concentrate (WO3≥55%) is RMB 144,500/ton, which is RMB 2,500/ton higher than the quotation in the first half of the month; scheelite concentrate (WO3≥55%) is RMB 143,500/ton, which is RMB 2,500/ton higher than the quotation in the first half of the month; ammonium paratungstate (national standard zero grade) is RMB 214,000/ton, which is RMB 3,000/ton higher than the quotation in the first half of the month.
The long-term purchase price of ammonium paratungstate of a tungsten enterprise in Fujian in the second half of April 2025 is RMB 213,000/ton, which is RMB 4,000/ton higher than the quotation in the first half of the month.
Prices of tungsten products on April 22, 2025
Picture of tungsten potassium electrode
