Tungsten Ore Price Breaks Through 170,000 Mark

Analysis of Latest Tungsten Market from Chinatungsten Online

Milestone moment! Tungsten ore price breaks through RMB 170,000/ton mark, APT price stands at RMB 250,000/ton mark, breaking the historical record!

As of press time,

The price of 65% wolframite concentrate is RMB 171,000/ton, up 19.6% from the beginning of the year, up 22.1% from the lowest price of the year, and up 24.8% from the average price in 2024.

The price of 65% scheelite concentrate is RMB 170,000/ton, up 19.7% from the beginning of the year, up 22.3% from the lowest price of the year, and up 25.1% from the average price in 2024.

The price of ammonium paratungstate (APT) is RMB 250,000/ton, up 18.5% from the beginning of the year, up 20.8% from the lowest price of the year, and up 23.3% from the average price in 2024.

The price of tungsten powder is RMB 366/kg, up 15.8% from the beginning of the year, up 17.3% from the lowest price of the year, and up 20.2% from the average price in 2024.

The price of tungsten carbide powder is RMB 360/kg, up 15.8% from the beginning of the year, up 17.3% from the lowest price of the year, and up 20.1% from the average price in 2024.

The price of 70 ferrotungsten is RMB 250,000/ton, up 16.3% from the beginning of the year, up 16.3% from the lowest price of the year, and up 22.6% from the average price in 2024.

In sharp contrast to the soaring price of tungsten products, the market transactions are sluggish, especially in high-priced areas. Industry insiders pointed out that the upstream and downstream of the current tungsten industry chain are seriously disconnected: mining companies enjoy resource dividends, smelting and alloy companies are trapped by cost and demand pressures, and only a few technology pioneers are accelerating their breakthroughs in the new demand track. Faced with the soaring price of tungsten raw materials, although the industry's recognition of the value of key minerals and strategic resources is constantly increasing under the current international political and economic landscape, the pressure of inverted costs in the industry and the dilemma of having prices but no market are difficult to alleviate in the short term, and the few orders in the market are mainly small orders for rigid needs.

Prices of Tungsten Products on May 29, 2025

Tungsten Price Trend from January to May 29, 2025

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