Tungsten Exports Perform Poorly, Tungsten Prices Shift Downward

Analysis of latest tungsten market from Chinatungsten Online 

The highly anticipated new round of guidance prices from two tungsten companies in Jiangxi has been released. Tungsten ore prices appear relatively firm compared to ammonium paratungstate (APT) prices, reflecting the current tension between tight supply of mineral resources and weak demand for smelting and alloy products.

Traders lack confidence, and the tungsten market continues to experience a prolonged deadlock and tug-of-war, with the overall market trend remaining in a weak yet stable cycle.

Additionally, the Spring Festival holiday effect and the export control policy on tungsten-related items introduced on February 4 have significantly impacted domestic tungsten product exports. According to customs data compiled by China Tungsten Online, from January to February 2025, China’s cumulative export volume of tungsten products (excluding cemented carbide and tungsten halogen lamps, hereinafter the same) reached 2,495.23 tons, a year-on-year decrease of 7.30%; the cumulative export value was 749 million yuan, a year-on-year increase of 3.78%. In February alone, China’s tungsten product export volume was 640.94 tons, down 44.23% year-on-year and 65.43% month-on-month; the export value was 194 million yuan, a year-on-year decrease of 33.72% and a month-on-month decrease of 65.12%.

Prices of tungsten products on March 21, 2025

Picture of tungsten cylinder

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