Tungsten Prices Remain Stable with the Approaching of Chinese New Year

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain stable as domestic production and trade activities slow down due to the festive atmosphere of Chinese New Year. 

However, some smelters are still rushing to fulfill orders. International buyers show relatively active inquiries due to high tungsten raw material costs, though they remain cautious about replenishment.

The price of 65% black tungsten concentrate is at $20,563.4/ton, with the market characterized by firm sentiment and tight supply keeping prices elevated.

Ammonium paratungstate (APT) is priced at $340.6/mtu, with ongoing negotiations across the supply chain. Smelting enterprises with or without raw material reserves experience significant profit differentiation.

Tungsten powder is priced at $45.1/kg, while tungsten carbide powder is at $44.4/kg. The market remains largely inactive, dominated by a "quoted but unsold" atmosphere as the holiday mood persists.

Ferro-tungsten (70% grade) is priced at $30,704.2/ton. Cost-side support is evident, while the consumption side remains cautious, with attention focused on macroeconomic uncertainties.

Scrap tungsten prices remain stable, with limited willingness to lower prices for sales. The festive atmosphere dominates recent activities, but the trend toward accelerated growth in the recycling industry is clear for the future.

Prices of tungsten products on January 26, 2025

Picture of customized tungsten alloy part 

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