Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices continue to be in a stalemate and sideways stage, and the game between upstream and downstream is stalemate.
The cost support of basic raw materials is strong, but the downstream terminals of alloys lack consumption initiative, the market transaction maintains a rigid demand state, and the market fluctuations are limited in the short term.
The main positive factors of the current tungsten market: resource scarcity support, strategic attributes support, and international tungsten price resonance; the main negative factors of the current tungsten market: weak terminal consumption, buyers are afraid of high prices, and the market takes profits. Overall, the cyclical characteristics of the tungsten market are manifested as a game between resource constraints and weak demand.
In the tungsten ore market, miners have limited resource release, and prices remain relatively high. The price of 65% black tungsten concentrate is RMB 172,500/ton.
In the ammonium paratungstate (APT) market, the supply and demand of the upstream and downstream of the industrial chain are insufficient, and the sentiment of the industry continues to diverge. The price of APT is stable around RMB 252,000/ton.
In the tungsten powder market, due to cost support and sluggish consumption, enterprises are cautious in purchasing and selling, and the price of tungsten powder is stagnant at RMB 378/kg, and the price of tungsten carbide powder is RMB 372/kg.
In the ferrotungsten market, the downstream rigid demand is guaranteed, and the market price remains strong with the support of the cost side. The price of 70 ferrotungsten is RMB 258,000/ton.
In the scrap tungsten market, sellers have recently increased shipments and buyers have increased bargaining, but based on the firm foundation of raw materials, the adjustment of scrap tungsten recycling prices is limited.
Prices of Tungsten Products on June 18, 2025
Picture of Tungsten Alloy Blocks
