Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices fluctuated this week, with buyers and sellers in a stalemate, and market fluctuations limited. In the mining and smelting markets, reluctance to sell increased, leading to a slight increase in quotes. The powder market, after a downward adjustment at the beginning of the week, remained stable. The cemented carbide market continued to be squeezed by both cost and demand, prompting cautious buying and selling based on demand. The tungsten scrap market experienced a shift from reluctance to sell to profit-taking, with a positive upward trend followed by a temporary stabilization.
Looking ahead, industry experts predict that in the short term, the tungsten market will likely remain in a state of equilibrium between weak supply and demand. Combined with uncertainties in the global political and economic environment and geopolitical situation, tungsten product prices will remain range-bound. In the medium to long term, with the gradual recovery of the global economy and the rebound in manufacturing demand, as well as the increasing scarcity and strategic nature of tungsten resources, tungsten prices are expected to gain upward momentum. However, caution should be exercised regarding overseas resource development, increased scrap supply, and the risks of deglobalization.
As of press time,
The price of 65% wolframite concentrate was RMB 271,000/ton, down 5.9% from its peak this year and up 89.5% from the beginning of the year.
The price of 65% scheelite concentrate was RMB 270,000/ton, down 5.9% from its peak this year and up 90.1% from the beginning of the year.
The price of ammonium paratungstate (APT) was RMB 395,000/ton, down 5.5% from its peak this year and up 87.2% from the beginning of the year.
The price of APT in Europe was USD 600-670/mtu (RMB 379,000-423,000/ton), up 92.4% from the beginning of the year.
The price of tungsten powder was RMB 615/kg, down 4.7% from its peak this year and up 94.6% from the beginning of the year.
The price of tungsten carbide powder was RMB 600/kg, down 4.8% from its peak this year and up 92.9% from the beginning of the year.
The price of 70-ton ferrotungsten was RMB 382,000/ton, down 6.8% from its peak this year and up 77.7% from the beginning of the year.
The price of European ferrotungsten was USD 86-89.50/kg W (RMB 429,000-446,000/ton), up 99.4% from the beginning of the year.
The price of scrap tungsten rod was RMB 420/kg, down 5.6% from its peak this year and up 90.9% from the beginning of the year.
The price of scrap tungsten drill bits was RMB 400/kg, down 12.1% from its peak this year and up 75.4% from the beginning of the year.
Prices of Tungsten Products on October 17, 2025
Tungsten Price Trend from January to October 17, 2025
