Tungsten Prices Soar 35%, Cemented Carbide Companies Cry Foul

Analysis of Latest Tungsten Market from Chinatungsten Online 

On Monday, the frenzy of tungsten prices continued to unfold, with raw material prices reaching unattainable heights, leaving downstream cemented carbide companies in distress. 

Industry insiders are calling for the market to urgently return to a rational track, addressing supply-demand imbalances and cost transmission mechanisms, while exploring paths for steady price increases and sustainable corporate development to ensure the healthy growth and long-term prosperity of the tungsten industry.

As of press time,

65% black tungsten concentrate is quoted at RMB 193,000/ton, up 34.8% from the beginning of the year.

65% scheelite concentrate is quoted at RMB 192,000/ton, up 35.2% from the beginning of the year.

Ammonium paratungstate is quoted at RMB 285,000/ton, up 35.1% from the beginning of the year.

Tungsten powder is quoted at RMB 425/kg, up 34.5% from the beginning of the year.

Tungsten carbide powder is quoted at RMB 415/kg, up 33.4% from the beginning of the year.

70 ferrotungsten is quoted at RMB 288,000/ton, up 34.0% from the beginning of the year.

The price of scrap tungsten rods is RMB 322/kg, up 46.4% from the beginning of the year.

The price of European APT is USD 460-490/ton (equivalent to RMB 292,000-311,000/ton), up 43.9% from the beginning of the year.

The price of European ferrotungsten is USD 55.0-59.6/kg W (equivalent to RMB 276,000-299,000/ton), up 30.2% from the beginning of the year.

The price of tungsten products represented by tungsten concentrate has continued to rise, making the downstream of the tungsten product industry chain, especially the cemented carbide manufacturers, which account for a large proportion, miserable. Recently, in the cemented carbide WeChat group, several leaders of representative private cemented carbide enterprises in the industry expressed their views, saying that the recent continuous and substantial increase in the price of upstream tungsten raw materials has put downstream cemented carbide enterprises in a desperate situation. Downstream customers have a low acceptance of substantial price increases and react very slowly. Before the back-end customers of cemented carbide have consumed their previous inventory, their willingness to purchase is extremely low. The entire industry chain has almost fallen into a state of stagnation. This round of price increases has already put many cemented carbide processing companies on the brink of bankruptcy.

In this regard, industry associations and a large number of industry insiders strongly call on relevant national departments and industry associations to pay close attention to the problems that are likely to be brought about by the sharp price increase in the tungsten industry chain in the short term, such as shrinking production capacity, bankruptcy of a large number of small and medium-sized enterprises, loss of trust by entrepreneurs, unemployment of workers, excessive industrial concentration, and the possible formation of head monopoly. They call on relevant departments to follow the Anti-Monopoly Law to prevent the strong intervention of a large number of external capital under the current situation and to prevent the emergence of price alliances that affect fair competition; while strengthening supervision, ensuring national security and market supply, the smelting and processing industries of strategic materials such as tungsten, molybdenum and rare earths should give birth to new quality productivity and achieve industrial upgrading; while opposing involution, China's tungsten products industry chain should develop healthily and comprehensively, and truly become a strategic emerging high-quality industry, advantageous industry and strong industry that can maximize resource advantages and meet the development of the national economy and the needs of the international market.

Prices of Tungsten Products on July 28, 2025

Tungsten Price Trend from January to July 28, 2025

• < Prev
• Next >