Tungsten Market Report - March 26, 2025

Details: Category: Tungsten's News; Published on Wednesday, 26 March 2025 13:49

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price is temporarily stable, with moderate trading activity driven by essential demand. From a fundamental perspective, there is a clear tug-of-war between supply and demand, with the industry chain exhibiting a typical "neither high nor low" characteristic.

On the macroeconomic front, international trade barriers and geopolitical conflicts contribute to uncertainty in the global economic outlook. The anticipated value upgrade of strategic resources continues to compete with the current reality of weak demand. Most participants in the tungsten market are adopting a wait-and-see approach, resulting in limited overall market liquidity.

65% Black Tungsten Concentrate: The price remains steady at $19,859.2/ton. Market expectations of tight supply persist, but downstream purchasing enthusiasm is restrained by actual demand. A noticeable standoff exists between buyers and sellers, making significant price fluctuations unlikely in the short term.

Ammonium Paratungstate (APT): The price is holding at $331.0/mtu. Cost pressures and downstream order willingness are counterbalancing each other, with differing expectations among stakeholders. Industry insiders are closely monitoring policy developments and shifts in demand, with recent operations leaning toward caution.

Tungsten Powder and Tungsten Carbide Powder: Prices are stable at $44.1/kg and $43.4/kg, respectively. The downstream cemented carbide industry is experiencing a slow demand recovery, and raw material procurement is primarily focused on meeting basic needs, leading to a stagnant trading atmosphere in the market.

70% Ferro tungsten: The price remains steady at $30,422.5/ton. Influenced by the deadlock in the upstream tungsten raw material market and cautious behavior regarding rigid demand, market trading activity remains limited, with participants awaiting new trade signals.

Tungsten Waste and Scrap: Prices are temporarily stable, and the outlook for the recycling industry’s development is positive. However, the market continues to face a pattern of supply-demand contradictions, with traders showing divided attitudes, resulting in a sticky negotiation environment.

Prices of tungsten products on March 26, 2025