Tungsten Raw Material and Scrap Prices Hit New Highs - July 21, 2025

Analysis of Latest Tungsten Market from Chinatungsten Online

The tungsten market continued to rise on Monday, and the prices of major tungsten raw materials and tungsten waste products reached new highs! 

Among them, the price of tungsten powder is only a stone's throw away from the psychological barrier of 400/kg that the industry is paying attention to. However, it will take time to digest the high-priced transactions, and the accumulated risks in the market have not yet found an effective way to release.

In the tungsten concentrate market, the high-grade quotation climbed to RMB 183,000/ton, a cumulative increase of 28.0% from the beginning of the year. Holders maintain a reluctance to sell, and the quotation continues to rise. The difficulty of spot purchases has increased, which is the main factor supporting the firm price of tungsten ore and driving the price of tungsten products in the entire industry chain.

In the ammonium paratungstate (APT) market, the quotation rose to RMB 267,000/ton, an increase of 26.5% from the beginning of the year to date. The profit margin of smelters is still at a relatively low level in the industry. Participants are wary of the pressure of cost inversion, the market is pushing up, and the transaction is not smooth.

The powder market also rose strongly. The mainstream price of tungsten powder has reached RMB 398/kg, up 26.0% from the beginning of the year; the price of tungsten carbide powder is RMB 388/kg, up 24.8% since the beginning of the year. The upstream tungsten raw material market has not shown a downward trend, and powder metallurgy companies have passively raised prices. However, the end-users have limited acceptance of the current high prices, and the market trading rhythm is sluggish.

The price of 70 ferrotungsten is RMB 268,000/ton, up 24.7% from the beginning of the year. The market cost driving force has increased significantly, and the purchasing attitude of steel mills has become cautious, and the market is traded on demand.

In the tungsten waste and scrap market, driven by the rise in raw materials, the holders are reluctant to sell and wait for price increases. The price of scrap tungsten rods was reported to be RMB 292/kg, a sharp increase of 32.7% from the beginning of the year.

Prices of Tungsten Products on July 21, 2025

Tungsten Price Trend from January to July 21, 2025

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