Analysis of Latest Tungsten Market from Chinatungsten Online
The tungsten market remains high, with prices of major tungsten products having increased by 40% this year.
As of press time,
65% wolframite concentrate is priced at RMB 200,000/ton, up 39.9% from the beginning of the year.
65% scheelite concentrate is priced at RMB 199,000/ton, up 40.1% from the beginning of the year.
Ammonium paratungstate (APT) is priced at RMB 293,000/ton, up 38.9% from the beginning of the year.
Tungsten powder is priced at RMB 440/kg, up 39.2% from the beginning of the year.
Tungsten carbide powder is priced at RMB 430/kg, up 38.3% from the beginning of the year.
70% ferrotungsten is priced at RMB 302,000/ton, up 40.5% from the beginning of the year.
Scrap tungsten bar is priced at RMB 328/kg, up 49.1% from the beginning of the year.
The significant rise in tungsten prices this year is mainly driven by market supply dynamics and sentiment. Factors such as reduced tungsten mining quotas, stricter environmental production constraints, the implementation of large-scale infrastructure projects, growing recognition of tungsten’s strategic resource value, advocacy against “involution-style” competition, external capital inflows, and rising international tungsten prices have collectively strengthened market supply-demand expectations and fueled speculative fervor.
However, the rapid price surge in the short term lacks solid demand support and faces risks of speculative pullbacks. Specifically, weak downstream consumption, sluggish inventory drawdown, profit-taking by speculative capital, gradual increases in overseas production capacity, downward pressure from the global economy, and disruptions from geopolitical conflicts could, if combined and prolonged, trigger significant price corrections and impact the industry.
In light of this, industry participants are advised to approach market fluctuations with rationality and caution.
Prices of Tungsten Products on August 13, 2025
Tungsten Price Trend from January to August 13, 2025
