Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices continued to rise on Monday, and the contradiction between market supply and demand has not been effectively alleviated, and the trading atmosphere in the market is still cautious and weak. Recently, due to the expectation of marginal improvement in supply and demand in energy metals, photovoltaic lithium batteries, and steel and building materials in the "anti-involution" policy, the mentality of the tungsten market has been resonated to a certain extent.
The price of 65% black tungsten concentrate has reached RMB 177,000/ton, up 23.8% from the beginning of the year. The scarcity of tungsten ore resources and the heat of speculation have pushed prices higher, while the downstream is afraid of high prices and has not actively entered the market, and the overall market transaction volume is weak.
The price of ammonium paratungstate (APT) is RMB 257,000/ton, up 21.8% from the beginning of the year. The contradiction between supply and demand in the tungsten industry chain is obvious, and scattered orders are rare. The overall market continues to be in a state of "no market with price". The price of European APT is USD 460-485/mtu (equivalent to RMB 292,000-308,000/ton), up 43.2% from the beginning of the year.
The price of tungsten powder is RMB 385/kg, up 21.8% from the beginning of the year. The price of tungsten carbide powder is RMB 376/kg, up 20.9% from the beginning of the year. The cost side is strong, and the consumer side lacks initiative to accept goods. The market is negotiated on a case-by-case basis, and trading is cautious.
The price of 70 ferrotungsten is RMB 263,000/ton, up 22.3% from the beginning of the year. The price of European ferrotungsten is USD 52-52.6/kg W (equivalent to RMB 261,000-264,000/ton), up 18.9% from the beginning of the year. The market remains on-demand, and high raw material prices and steel mills' rigid demand inquiries support the market.
The price of scrap tungsten bars is 267/kg, up 21.8% from the beginning of the year. Under the upward trend of the market, the amount of resources released is small, and the seller's psychological price is increased.
Prices of Tungsten Products on July 14, 2025
Tungsten Price Trend from January to July 14, 2025
