Analysis of latest tungsten market from Chinatungsten Online
Tungsten prices continue to be strong. Tungsten raw materials are willing to rise due to tight supply. There is no information on improvement in market demand margins. Due to the difficulty in clearing external geopolitical and economic and trade risks and limited consumer confidence, the overall tungsten market continues to have a price-no-market situation, and the spot trading atmosphere is cautious.
In the tungsten concentrate market, key mineral protection measures have been increased, and the total mining control indicators have been lowered, exacerbating the tight market supply situation. Product prices have risen accordingly. The price of 65% black tungsten concentrate is reported at RMB 147,000/ton. The psychological price of some traders has reached the RMB 150,000 mark, and there is a lack of high-level transactions.
In the ammonium paratungstate (APT) market, the cost pressure of enterprises is significant, pushing the market to RMB 216,000/ton, but due to the poor export channels and insufficient demand vitality, the market trading activity is limited. Merchants are cautious in trading and pay attention to the situation of overseas alternative resources.
In the tungsten powder market, traditional industrial demand is relatively sluggish due to global economic risks, and the demand stimulus in emerging fields is temporarily limited. The market orders are light, and the important driving force of the market is also on the cost side. The price of tungsten powder is RMB 322/kg, and the price of tungsten carbide powder is RMB 317/kg.
In the ferro tungsten market, the atmosphere of reluctance to sell raw materials and the market support is transmitted, which drives the manufacturers to chase the rise. The price of 70 ferro tungsten is RMB 221,000/ton. Because the buyers are relatively cautious about accepting goods, the market is mainly traded on demand, and the market continues to follow the market.
The scrap tungsten market is temporarily stable and consolidated. The recent strong sentiment on the mine side has driven the market's willingness to explore the rise, but market consumption is still suppressed by economic pressure, the liquidity in the market is limited, and the wait-and-see sentiment is still dominant.
Prices of tungsten products on April 23, 2025
Picture of tungsten alloy rings
