Tungsten Prices in a Declining Phase

Analysis of latest tungsten market from Chinatungsten Online

In March 2025, the forecast average prices by industry bodies and the long-term contract prices for the first half of the month set by several tungsten enterprises were adjusted downwards, clearly indicating a downtrend in the tungsten market.

The market demand side showed weak feedback due to macroeconomic factors, while the supply side had limited resources during the National People's Congress and Chinese People's Political Consultative Conference sessions. Participants approached negotiations with caution, resulting in tungsten prices currently being in a period of weak stability.

Quotes from institutions and enterprises: 65% wolframite concentrate is priced at RMB 141,000 per standard ton, 55% wolframite concentrate at RMB 139,000 per standard ton, ammonium paratungstate (APT) at RMB 209,000 per ton, and medium-grained tungsten powder at RMB 320 per kilogram.

Prices of tungsten products on March 06, 2025

Picture of tungsten rods

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