Tungsten Prices Stall After 20% Broad Surge - June 20, 2025

Analysis of Latest Tungsten Market from Chinatungsten Online

This week, tungsten prices were stuck in a sideways trend, market confidence was divided, the resource side maintained the logic of supporting prices, the demand side had insufficient capacity to take over, the price transmission of the industrial chain was blocked, and some profit-taking orders were outflowed, affecting the transaction center of gravity. The market paid attention to the new round of quotations of large tungsten companies.

Industry players generally believe that under the support of the value attributes of strategic resources and the rigidity of manufacturing demand, the possibility of a deep drop in tungsten prices is extremely low, but short-term technical correction space cannot be ruled out. Appropriate liquidity and high price risk release will help lay a more stable foundation for the rebalancing of supply and demand and price increases in the future market.

As of June 20, 2025,

65% black tungsten concentrate price is RMB 172,500/ton, up 20.6% from the beginning of the year;

65% scheelite concentrate price is RMB 171,500/ton, up 20.8% from the beginning of the year;

Ammonium paratungstate (APT) price is RMB 252,000/ton, up 19.4% from the beginning of the year;

Tungsten powder price is RMB 378/kg, up 19.6% from the beginning of the year;

Tungsten carbide powder price is RMB 372/kg, up 19.6% from the beginning of the year;

70 ferrotungsten price is RMB 258,000/ton, up 20.0% from the beginning of the year.

European ferrotungsten price is USD 51.7-52/kg W, up 17.8% from the beginning of the year;

European APT price is USD 410-450/mtu, up 30.3% from the beginning of the year.

At the macro level, the recent escalation of geopolitical tensions in the Middle East has attracted great attention from the international community. The frequency and spread of local conflicts around the world are prompting countries to re-evaluate the strategic position of tungsten resources. As an indispensable key raw material for the defense industry, its application demand in the military field is growing and the premium of key mineral resources is expected to rise.

Prices of Tungsten Products on June 20, 2025

Tungsten Price Trend from January to June 20, 2025

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