Tungsten Market Remains Calm, Trading in Stalemate - June 19, 2025

Analysis of Latest Tungsten Market from Chinatungsten Online

The current tungsten market presents a delicate balance of "supply and demand stalemate but cost rigidity support". Buyers think it is too expensive, sellers are reluctant to sell, and spot trading volume continues to be sluggish. 

Industry players are paying attention to the import and export data for May to be announced, and the new round of tungsten enterprise long-term purchase prices.

The scarcity of tungsten concentrate resources remains unchanged, but some traders cash in on profits to release part of the supply. The market price of high-grade ore remains at RMB 172,500/ton, and the negotiation of relatively low-grade ore prices has slightly loosened.

The price of ammonium paratungstate (APT) remains at RMB 252,000/ton. The market is facing a deadlock of cost inversion and sluggish liquidity, and foreign trade is still affected by the international political and economic situation and domestic dual-use export controls. Traders are unwilling to act rashly, and the market follows the market.

The price of tungsten powder is stagnant around RMB 378/kg, and the price of tungsten carbide powder is partially loosened to the RMB 370/kg mark. The market supply and demand margin has not seen significant improvement. Trade sentiment is generally cautious and maintains a back-to-back trading model.

The price of 70 ferrotungsten is consolidating around RMB 258,000/ton. The recent rigid demand is relatively stable, while the stalemate atmosphere on the raw material side is transmitted, and the market is temporarily stable.

The price of scrap tungsten is temporarily stable. Affected by the profit-taking sentiment of traders, the recent market supply and demand balance is slightly tilted towards buyers. However, as the raw material market is still supported, the market bargaining space is limited.

Prices of Tungsten Products on June 19, 2025

Picture of Tungsten Cemented Carbide Inserts