APT Price Reaches RMB 290,000/ton - August 11, 2025

Analysis of Latest Tungsten Market from Chinatungsten Online 

Tungsten prices maintained a strong stance on Monday. Prices for tungsten concentrate and smelting products continued to climb, while powder metallurgy enterprises faced persistent high cost pressures and demand constraints. Trading activity in the tungsten market remained subdued.

The price of 65% black tungsten concentrate was reported at RMB 198,000/ton, up 38.5% from the beginning of the year. Miners continued to hold a firm stance, with tungsten ore prices rising and gradually transmitting downstream, driving up prices across the entire tungsten industry chain. However, high prices suppressed demand, resulting in restrained transaction volumes.

Ammonium paratungstate (APT) prices reached RMB 290,000/ton, a 37.4% increase from the start of the year. Cost pressures pushed tungsten chemical prices higher, but limited spot transactions occurred due to the interplay of supply and demand dynamics.

The European APT price was USD 485-503/ton (equivalent to RMB 308,000-320,000/ton), a 49.7% increase from the beginning of the year.

Tungsten powder prices were reported at RMB 436/kg, a 38% increase from the start of the year, while tungsten carbide powder prices reached RMB 426/kg, up 37%. Under high cost pressures, market consumption remained weak, with transactions primarily driven by essential demand. Small and medium-sized cemented carbide enterprises faced risks of production cuts or shutdowns due to ongoing cost pressures.

The price of 70% ferrotungsten was reported at RMB 297,000/ton, up 38.1% from the beginning of the year. Affected by tight supply of raw tungsten concentrate, market quotations rose accordingly.

The European ferrotungsten price is USD 65.8-66.5/kg (equivalent to RMB 331,000-334,000/ton), up 50.3% from the start of the year.

Recycled tungsten prices remained firm in line with primary tungsten. While some profit-taking is underway, overall liquidity is limited, boosting overall market confidence.

Prices of Tungsten Products on August 11, 2025

Tungsten Price Trend from January to August 11, 2025

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