Tungsten Waste and Scrap Market Weakens

Analysis of latest tungsten market from Chinatungsten Online 

The tungsten market is under pressure, with insufficient domestic demand incentives and a challenging foreign trade environment. Participants adopt a cautious approach, leading to sluggish market shipments and softened quotes.

Despite the relatively tight supply of tungsten ore resources, the release of downstream procurement demand has fallen short of expectations, causing market confidence to decline and transactions to remain weak. Consequently, the price of 65% wolframite concentrate is reported to be around $20,211.3/ton.

Smelters continue to face squeezed profits. The upstream tungsten raw material suppliers offer limited concessions, while downstream terminal demand remains subdued. Market transactions are inactive, compounded by the downward shift in long-term contract prices from major enterprises, spreading a bearish sentiment. As a result, the export price of ammonium paratungstate (APT) has been adjusted downwards to $335.8/mtu.

The alloy market is relatively sluggish, with industries facing homogenized competition and tightened export controls on dual-use items. This has led to certain inventory accumulation pressures for enterprises. Poor market consumption affects buyers' sentiment, putting pressure on raw material prices. Tungsten powder is priced at $44.6/kg, tungsten carbide powder at $43.9/kg, and cobalt powder at $23.2/kg. Under these circumstances, the tungsten waste and scrap market has weakened.

Prices of tungsten products on February 25, 2025

Picture of tungsten flux

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