Domestic Tungsten Prices Dip Slightly, International Tungsten Prices Stay Strong

Analysis of Latest Tungsten Market from Chinatungsten Online 

Domestic tungsten prices saw a slight decline on Monday, but the overall market remained rational. Industry insiders generally believe that moderate price adjustments will help boost transactions and mitigate some of the risks accumulated at high prices, but caution is advised to avoid a sell-off that could trigger a price collapse.

The price of 65% wolframite concentrate was quoted at 194,000 yuan/ton. Industry confidence remains strong, and with limited market resources, prices remain reasonably volatile.

The price of ammonium paratungstate (APT) was quoted at 285,000 yuan/ton. The market fluctuates with cost factors, with some previously inflated prices returning to a reasonable range and the market price gap gradually narrowing. The European APT price is between $475 and $495/ton (RMB 302,000 to 315,000/ton), a 47% increase from the beginning of the year.

The price of tungsten powder was quoted at 430 yuan/kg, and the price of tungsten carbide powder was quoted at 420 yuan/kg. Market quotes were mixed, with some manufacturers maintaining firm prices and others offering small discounts to facilitate transactions. Due to the stalemate in the upstream and downstream of the industry chain, market fluctuations are limited, and a wait-and-see attitude remains dominant.

The price of 70 ferrotungsten is reported at 290,000 yuan/ton. Boosted by the firm international tungsten prices, domestic traders have shown increased confidence, with overall quotations remaining stable, while they remain cautious about the raw material market. The European ferrotungsten price is reported at $62.5-64.5/kg (RMB 314,000-324,000/ton), a 44% increase from the beginning of the year.

Scrap tungsten prices are trading sideways, with a cautious market atmosphere. Sellers are increasingly cashing in profits, while buyers are negotiating appropriately to accept shipments, resulting in a slight decline in effective transaction prices.

Cobalt powder prices are relatively firm, primarily due to the continued impact of the Democratic Republic of the Congo's cobalt export ban on the market supply chain, pushing up cobalt prices. On the demand side, the traditional off-season effect and cost constraints on alloy orders have limited market activity.

The cemented carbide market faces dual pressures. On the one hand, rising prices for raw materials such as tungsten and cobalt are creating significant cost pressures; on the other hand, the market is concerned that a rapid rise in raw material prices may trigger a subsequent correction. The traditional off-season effect further suppressed demand, market participants remained highly vigilant about price trends, and trading activities tended to be cautious.

Prices of Tungsten Products on August 4, 2025

Tungsten Price Trend from January to August 4, 2025

• < Prev
• Next >