China-US Tariff Ease, Tungsten Prices Surge

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices continue to rise strongly. As of press time, the price increase of tungsten products in this round is:

Tungsten concentrate is more than 12%, and the price of high-grade ore reaches RMB 157,000/ton, reaching a historical high.

Ammonium paratungstate (APT) is more than 11%, and it rises with the mine end, breaking through the integer mark of RMB 230,000/ton.

Tungsten powder and tungsten carbide powder are more than 9%, and the prices are RMB 341/kg and RMB 336/kg respectively, and the state of having price but no market continues.

Ferrotungsten is more than 11%, and the high cost, stable rigid demand and supply chain concerns resonate, and the price stands at RMB 240,000/ton.

Tungsten cemented carbide is about 5%-20%, and the price of raw materials continues to rise. Some cemented carbide companies have started the second price increase since the second quarter.

The core logic of this round of tungsten market rise lies in the dual drive of supply and demand structural contradictions and strategic attribute appreciation. Yesterday, the release of the "Joint Statement on U.S.-China Economic and Trade Meeting in Geneva" marked a phased easing of the current round of China-US tariff game, reducing the risk of international economic and trade frictions and boosting the industry's economic expectations to a certain extent.

Prices of Tungsten Products on May 13, 2025

Tungsten Price Trend Chart from January to May 13, 2025

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