Analysis of Latest Tungsten Market from Chinatungsten Online
On Monday, tungsten prices continued to stalemate and stabilize the market. Raw material holders offered strong quotations. Most downstream companies were not very active in stocking up. The market was still circulating according to rigid demand. There was no new market-driven guidance. Participants maintained a cautious wait-and-see attitude, and speculative transactions on the market decreased.
The price of 65% black tungsten concentrate was RMB 165,000/ton. Holders maintained the view that the goods were tight and the price was good. They had strong confidence in the value of strategic resources, but the demand side was not willing to take over. The psychological price gap between buyers and sellers did not narrow significantly, and the market transaction volume was limited.
The price of ammonium paratungstate (APT) was RMB 244,000/ton. The domestic demand support in the market was limited, and the external demand was restricted by policies. Therefore, the overall purchase volume of buyers was low, and the production enterprises maintained a slow operating rate. Although there were inquiries in the market, the actual transaction volume was small.
The price of tungsten powder was RMB 360/kg, and the price of tungsten carbide powder was RMB 355/kg. The market business activities slowed down, and there were not many new orders signed. Cemented carbide companies continued to give priority to digesting inventory. Industry insiders have different expectations for the future market, the market's ups and downs are insufficient, and the negotiation atmosphere is in a stalemate.
The price of 70 ferrotungsten is RMB 248,000/ton, the cost support is maintained, and the demand follow-up is limited. The market attitude has become more cautious recently, and the market has shown a cautious consolidation trend.
The overall price of scrap tungsten has maintained a sideways trend, with local ups and downs. The stalemate situation of weak supply and demand in the market continues, the mood of buyers and sellers is cautious, and the spot purchase and sale enthusiasm is limited.
Prices of Tungsten Products on May 26, 2025
Picture of Tungsten Alloy Tubes
