Tungsten Market Remains Steady Amid Cautious Sentiment and Export Control Concerns

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market remains calm, with some lingering holiday effects. The primary focus recently has been on export control measures, but their actual impact on both the supply and demand sides of the tungsten industry will take time to observe. As a result, market sentiment remains cautious, and tungsten prices are holding steady.

65% Black Tungsten Concentrate is quoted at $20,563.4/ton. Supply remains tight due to decreasing mine resources and limited mining activity during the holiday period, keeping market prices firm.

Ammonium Paratungstate (APT) is priced at $340.6/mtu. Market confidence is mixed—some traders are raising offers due to cost pressures, while others remain cautious due to uncertainties in export demand.

Tungsten Powder is quoted at $45.1/kg, and Tungsten Carbide Powder at $44.4/kg. Institutional price support is providing some stability, but weak demand from downstream consumers is limiting actual transaction growth.

Ferro-tungsten is priced at $30,704.2/ton, with sellers maintaining a firm stance due to raw material costs, while staying cautious about international trade risks.

Tungsten Scrap prices remain stable, with limited market liquidity at the start of the lunar new year.

Cobalt Powder is priced at $23.5/kg, with significant market pressure. Trading activity remains sluggish, and the market continues to hover at low levels.

Prices of tungsten products on February 8, 2025

Picture of APT

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