Analysis of Latest Tungsten Market from Chinatungsten Online
This week, tungsten prices showed a sideways trend, and divergent opinions in the market suppressed the overall transaction volume. Suppliers on the raw material side were reluctant to sell, tending to maintain a high quotation and waiting for downstream adaptation. The purchasing willingness on the consumer side was sluggish due to high costs, and the on-demand purchase strategy was implemented to reduce risks. The number of traders taking profits increased, increasing the bargaining space for buyers, and some of the inflated quotations of tungsten raw materials returned to reality, and the scrap tungsten market loosened.
In the tungsten concentrate market, the psychological defense line of RMB 170,000/ton is still strong, but the expectation of RMB 175,000/ton is temporarily shelved. The market resources have been slightly released, but merchants are not willing to sell at a lower price. In the short term, the price of 65% black tungsten concentrate is temporarily stable at around RMB 173,000/ton.
In the ammonium paratungstate (APT) market, the cost side thrust has not been significantly loosened, and export demand is still regulated. Manufacturers mainly follow the market and operate cautiously, and the external quotation is maintained at RMB 253,000/ton. The actual transaction focus refers to the long-term purchase quotation of several tungsten companies.
In the tungsten powder and metallurgical market, the inventory of enterprises is being digested, but considering the upstream cost pressure and downstream demand resistance, enterprises generally strengthen inventory management, mainly mining as needed. Except for a small number of traders who ship for profit, the overall market is stable due to the cost side, with tungsten powder price at RMB 378/kg and tungsten carbide powder price at RMB 373/kg.
In the ferrotungsten market, under the resonance of tungsten raw material costs, steel demand and international market conditions, the market quotations are relatively strong, with 70 ferrotungsten price at RMB 258,000/ton.
In the scrap tungsten market, the options for profit-taking during the week increased, the overall resource circulation improved, and the bargaining center of gravity shifted slightly downward.
In the macro aspect, the World Bank's latest "Global Economic Prospects" report lowered the global economic growth forecast for this year from 2.7% in January to 2.3%, and the growth rate of nearly 70% of economies was lowered. This is the slowest growth rate since 2008, except for the global economic recession, due to trade barriers and an uncertain global policy environment. Among them, the US economic growth forecast was significantly lowered from 2.3% to 1.4%, and the Eurozone and Japan were reduced to 0.7%. China's economic growth is expected to be 4.5%, the same as the previous forecast. The rise of trade protectionism and the volatile recovery of the global manufacturing industry have formed a contradiction, affecting the consumption of industrial metals such as tungsten products. We will continue to pay attention to the news related to the China-US economic and trade consultation mechanism.
Prices of Tungsten Products on June 13, 2025
Tungsten Price Trend from January to June 13, 2025
