Tungsten Prices Strengthen - October 21, 2025

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices are on an upward trend, primarily driven by a new round of price increases from major tungsten companies. This, coupled with some downstream demand for replenishment, has boosted market sentiment and pushed tungsten raw material prices upward. However, actual market transactions are still driven primarily by demand, and the sustainability of the strong market requires broader support from the consumer side.

In the tungsten concentrate market, bullish sentiment among holders is increasing, and low-priced resources are relatively scarce, resulting in a relatively strong market trend.

The price of 65% wolframite concentrate was reported at RMB 275,000/ton, down 4.5% from its high point this year and up 92.3% from the beginning of the year.

The price of 65% scheelite concentrate was reported at RMB 274,000/ton, down 4.5% from its high point this year and up 93.0% from the beginning of the year.

In the ammonium paratungstate market, driven by cost pressures, production capacity constraints, and quotes from representative tungsten companies, the market has shifted upward, with some high prices approaching 405,000/t/ton.

The price of ammonium paratungstate (APT) was reported at RMB 403,000/ton, down 3.6% from its peak this year and up 91.0% from the beginning of the year.

The European price of APT was reported at USD 600-685/mtu (equivalent to RMB 378,000-432,000/ton), up 94.7% from the beginning of the year.

In the tungsten powder market, prices rebounded due to cost pressures, but downstream end-consumption remained cautious, with limited demand for essential goods.

The price of tungsten powder was reported at RMB 620/kg, down 3.9% from its peak this year and up 96.2% from the beginning of the year.

The price of tungsten carbide powder was reported at RMB 605/kg, down 4.0% from its peak this year and up 94.5% from the beginning of the year.

In the cobalt market, supply chain tensions have yet to be effectively resolved, and market speculation remains intense.

The price of cobalt powder was reported at RMB 480/kg, up 182.4% from the beginning of the year.

In the ferrotungsten market, manufacturers' confidence has been boosted somewhat by the increasing cost momentum of tungsten raw materials, and the market is stable with slight fluctuations.

The price of 70% ferrotungsten is RMB 386,000/ton, down 5.9% from its peak this year and up 79.5% from the beginning of the year.

The price of European ferrotungsten is USD 86-89.5/kg W (equivalent to RMB 429,000-446,000/ton), up 99.4% from the beginning of the year.

In the tungsten scrap market, trading activity has increased, and the market trend is relatively positive.

The price of scrap tungsten bars is RMB 420/kg, down 5.6% from its peak this year and up 90.9% from the beginning of the year.

The price of scrap tungsten drill bits is RMB 408/kg, down 10.3% from its peak this year and up 78.9% from the beginning of the year.

Prices of Tungsten Products on October 21, 2025

Tungsten Price Trend from January to October 21, 2025

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