Strengthening International Tungsten Prices and Weakening Domestic Tungsten Prices

Analysis of latest tungsten market from Chinatungsten Online

Since January, expectations for tungsten market supply and demand have shifted. International tungsten prices have strengthened due to supply chain concerns arising from China's export controls, while domestic tungsten prices have weakened as producers resume operations but the demand side fails to respond adequately.

Currently, after experiencing minor adjustments, tungsten raw material prices have returned to a stalemate, with both buyers and sellers adopting a cautious attitude in market transactions.

In the international market, since China implemented export controls on tungsten-related items, as of February 18, European ferrotungsten prices have increased by $2 to $44.8-$46/kg of tungsten (an increase of approximately 4.5%), and European APT prices have risen by $10 to $330-355/mtu  (an increase of approximately 2.9%).

In the domestic market, since the resumption of work after the Spring Festival, the price of 65% black tungsten concentrate has fallen by 0.68% to $20,422.5/ton. Ammonium paratungstate (APT) prices have declined by 0.47% to $339.0/mtu. Tungsten powder and tungsten carbide powder prices have dropped by 0.63% to $44.8/kg and $44.1/kg, respectively. Ferrotungsten prices have fluctuated slightly, maintaining stability as stakeholders observe the game playing out in the industrial chain. Cobalt powder prices have fallen by 0.60% to $23.4/kg, as the imbalance between market supply and demand remains difficult to alleviate.

Prices of tungsten products on February 19, 2025

Picture of tungsten wire

• < Prev
• Next >