Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices are at a high level and sideways, and the psychological game of all parties in the industrial chain has intensified.
Under the resonance of tight supply and strategic premium, the mentality of holders remains strong; buyers are unable to fully pass on costs due to weak orders, and are not willing to accept goods; in addition, participants are wary of external capital withdrawal and some speculative inventory selling pressure. The tungsten market is quiet, and the overall cautious mood is dominant.
The long-term quotation of ammonium paratungstate, a highly anticipated head tungsten enterprise, has been significantly increased by 19,000 yuan/ton, implementing the upward trend of tungsten prices in the early stage. However, the long-term purchase price of the enterprise is still significantly different from the current market quotation, showing the current market divergent mentality and chaotic quotation. Industry insiders continue to wait and see and compare the quotation of other head enterprises with the actual supply and demand status of the market.
Current tungsten market situation:
The price of 65% black tungsten concentrate is RMB 168,000/ton, the price of raw materials is proportional to the difficulty of downstream acceptance, the market supply and demand are mismatched, and the circulation is limited.
The price of ammonium paratungstate (APT) was reported at RMB 246,000/ton. The previous high sentiment has weakened, and the market has slightly adjusted, but it is still supported by the cost basis. The market order volume continues to be restricted by supply and demand pressure and export control.
The price of tungsten powder was reported at RMB 360/kg, and the price of tungsten carbide powder was reported at RMB 355/kg. The market was driven by the cost side, but it was difficult for downstream terminal cemented carbide companies to digest it. The market procurement strategy was conservative and continued to be in a state of no market.
The price of 70 ferrotungsten was reported at RMB 248,000/ton. The market sentiment dominated. At the sensitive nodes of the industry, the market transactions were mainly based on rigid demand.
The discussion on the rise and fall of the scrap tungsten market was heated, and the buyers and sellers had different views, and the liquidity has not yet recovered.
Prices of Tungsten Products on May 20, 2025
Picture of Tungsten Crucible
