Analysis of Latest Tungsten Market from Chinatungsten Online

As the May Day holiday approaches, the tungsten market shows no signs of changing direction. Suppliers maintain a firm stance, reluctant to sell, while buyers cautiously replenish stocks as needed. 

Analysis of Latest Tungsten Market from Chinatungsten Online

On Monday, tungsten prices continued their upward trend. The raw material side maintained a strong bullish sentiment, with downstream tungsten product prices passively following the rise, though overall demand feedback remained weak. 

Recently, according to the Hubei Provincial Department of Natural Resources website, in March 2025, the average price of 65% scheelite concentrate in Hubei was 139,821 yuan/ton, up approximately 11.75% year-on-year; 60% scheelite concentrate averaged 138,821 yuan/ton, up about 11.40% year-on-year; APT (ammonium paratungstate) averaged 208,060 yuan/ton, up approximately 12.26% year-on-year; and tungsten carbide powder averaged 307,429 yuan/ton, up about 12.14% year-on-year.

Molybdenum market update on April 28, 2025

The domestic molybdenum market in China remains stable, but as positive factors weaken, negotiations between buyers and sellers are gradually heating up, leading to reduced market enthusiasm and slower order growth.