Tungsten Powder Price Soars to RMB 430/kg - July 30, 2025

Analysis of Latest Tungsten Market from Chinatungsten Online 

Tungsten prices have generally maintained a firm trend. Recently, holders have shown a slight increase in willingness to sell, but actual transaction feedback remains limited due to significant gaps in price expectations between buyers and sellers. Market cost transmission is sluggish, and circulation within the industry chain is constrained.

The price of 65% wolframite concentrate is quoted at RMB 195,000/ton, up 36.4% from the beginning of the year. Miners are strongly inclined to hold prices firm, supported by tight raw material supply, but downstream terminal consumption remains cautious, resulting in limited market trading activity.

Ammonium paratungstate (APT) is quoted at RMB 286,000/ton, up 35.6% from the beginning of the year. Market supply-demand contradictions and cost pressures are prominent, with smelters adjusting operations to market conditions and maintaining a slow pace of shipments.

Tungsten powder is quoted at RMB 430/kg, up 36.1% from the beginning of the year. Tungsten carbide powder is quoted at RMB 420/kg, up 35.1% from the beginning of the year. Due to the continuous rise in raw material prices, powder metallurgy companies face significantly higher production and operating costs. However, downstream terminal orders are lagging, and with increasing market risks at high price levels, companies are adopting a "one order, one price" strategy, shortening the validity period of quotes and flexibly negotiating prices based on real-time raw material costs.

70% ferrotungsten is quoted at RMB 290,000/ton, up 34.9% from the beginning of the year. The market is primarily driven by costs and steel mills’ essential demand, with the recent trend remaining firm. Market sentiment is influenced by raw material price fluctuations, international political and economic developments, and geopolitical changes, leading to a strong wait-and-see atmosphere.

Waste tungsten bars are quoted at RMB 322/kg, up 46.4% from the beginning of the year. Market risks and sensitive sentiment continue to accumulate at high price levels, with increased selling for cash. Sellers are slightly more flexible in price negotiations, but supported by the firm trend in tungsten raw material prices, the market remains high.

Prices of Tungsten Products on July 30, 2025

Tungsten Price Trend from January to July 30, 2025

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