Analysis of Latest Tungsten Market from Chinatungsten Online
The tungsten market currently exhibits a high-level consolidation trend, with prices remaining stable but market sentiment showing clear divergence.
On one hand, the slow pace of industrial economic recovery and insufficient terminal demand, coupled with the market’s tendency to cash in at high prices, have led to a decline in traders’ confidence. On the other hand, the persistent tightness in mining resources, strong cost support, and the growing strategic importance of tungsten have bolstered suppliers’ determination to maintain market stability. Amid this interplay of bullish and bearish factors, the tungsten market lacks a clear directional trend, with overall stability and consolidation prevailing.
Tungsten Concentrate Market
High-grade tungsten concentrate prices remain steady at RMB 166,000/ton, supported by expectations of supply contraction, keeping the overall market stable. However, transactions at these high levels are somewhat sluggish, with market participants holding divergent views: some anticipate a further rise in the value of strategic resources, while others remain cautious about speculative price premiums.
Ammonium Paratungstate (APT) Market
APT prices are reported at RMB 244,000/ton. After a slight pullback and cautious consolidation, there has been a renewed upward probing recently, primarily driven by cost pressures. Nevertheless, demand-side constraints persist, resulting in subdued market trading activity and limited transaction volumes.
Tungsten Powder and Tungsten Carbide Powder Market
Tungsten powder prices are stable at RMB 360/kg, and tungsten carbide powder prices stand at RMB 355/kg. With no clear signs of a retreat in raw material prices, buyers driven by essential demand reluctantly accept current prices, though market liquidity remains low. Production enterprises have adjusted operating rates, and downstream users’ restocking for essential needs has alleviated some inventory pressure, maintaining overall market stability.
70 Ferro Tungsten Market
70 ferro tungsten prices remain steady at RMB 248,000/ton, with the supply-demand stalemate unlikely to resolve in the short term. Price movements largely depend on raw material market dynamics. The market is currently in a wait-and-see mode, with trading activity limited to essential demand and little momentum for additional transactions.
Scrap Tungsten Market
The scrap tungsten market continues to see a tug-of-war between bullish and bearish forces. Holders of scrap tungsten, anticipating raw material shortages, are reluctant to sell, while recyclers, facing weak terminal demand, are pushing for lower prices. This has resulted in low market liquidity, with scrap tungsten price trends remaining unclear and aligning with the consolidation in the raw material market.
Prices of Tungsten Products on May 27, 2025
Picture of Tungsten Alloy Collimator
