Analysis of Latest Tungsten Market from Chinatungsten Online
This week, tungsten prices showed a stable and slightly upward trend, mainly driven by the upstream market sentiment, downstream rigid demand for inventory replenishment and the international strong atmosphere. The price of tungsten raw materials performed slightly stronger. However, the actual transaction driving force of the market is limited, the fundamentals remain in a stalemate, and buyers and sellers are playing a wait-and-see game.
The price of 65% wolframite concentrate is RMB 174,000/ton, which has set a new record of historical highs. The scarcity and strategic attributes of tungsten ore resources have increased price resilience, and holders are generally optimistic and reluctant to sell, but there are currently few high-priced transactions.
The price of ammonium paratungstate (APT) is RMB 253,000/ton. Smelters have insufficient room for profit under the pressure of cost, and the downstream lacks the initiative to purchase under the fear of high prices. The market is stalemate, and transactions are mainly long orders.
The price of tungsten powder is RMB 378/kg, and the price of tungsten carbide powder is RMB 371/kg. The price increase of cemented carbide and tungsten products is slow, the market demand driving force is insufficient, the cost transmission pressure is obvious, and the market confidence continues to diverge.
The price of 70 ferro tungsten is RMB 258,000/ton. The market demand has declined recently, but the cost support is relatively stable, so the overall market is stable and the price difference has slightly widened.
The price of scrap tungsten is consolidating at a high level, the market replenishment rhythm is still cautious and slow, and the overall trading enthusiasm is limited.
As of July 3, the price of European ferro tungsten was USD 51.4-52/kg W, slightly loosened week-on-week, and increased by 17.5% overall from the beginning of the year. The price of European APT was USD 440-485/mtu, which was flat week-on-week and increased by 40.2% from the beginning of the year.
Prices of Tungsten Products on July 4, 2025
Picture of Tungsten Copper Electrodes
