APT and Tungsten Powder Prices Rise Again

Analysis of Latest Tungsten Market from Chinatungsten Online

The tungsten market continues to be in a state of divergence. The upstream cost transmission pressure and the lack of terminal consumption momentum form a balance. 

The sentiment of market participants is significantly different. Some are optimistic about long-term strategic demand, while others are cautious about short-term consumption weakness and high prices. At present, the overall tungsten price maintains a stable upward trend under the support of the raw material supply side, but the atmosphere of actual transaction is cold.

The price of 65% black tungsten concentrate remains at a high level of RMB 172,000/ton. The grade of mine resources has decreased, the concentration has increased, and the continuous highlighting of tungsten as a key strategic resource attribute has built a bottom support for the market. The holders have a strong willingness to support the price, and the pressure on the middle and lower reaches continues to rise.

The price of ammonium paratungstate has reached RMB 252,000/ton, with significant cost-driven characteristics, but the consumption feedback is poor and the market activity is insufficient. Under the dual pressure of cost inversion and export obstruction, the overall production and operation activities of enterprises have slowed down.

The price of tungsten powder is RMB 372/kg, and the price of tungsten carbide powder is RMB 366/kg. Powder metallurgy enterprises maintain a difficult balance between cost transfer and orders or ranges, and the situation of price but no market continues.

The price of 70 ferrotungsten is RMB 252,000/ton. The domestic raw material cost has risen, and the strong market driven by the international supply side has boosted the market performance. The consumer side digests according to rigid demand, and the overall transaction is limited.

The price of scrap tungsten has risen, but the market liquidity is insufficient. The fear of high prices and the sentiment of following the rise are different between buyers and sellers. The overall wait-and-see atmosphere is strong, and the market transaction is cautious.

Prices of Tungsten Products on June 4, 2025

Tungsten Price Trend from January to June 4, 2025

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