Tungsten Concentrate and APT Prices Rise by Another RMB10,000 - September 1, 2025

Analysis of Latest Tungsten Market from Chinatungsten Online

The tungsten market started September strong. The buoyant market sentiment was driven partly by tight supply and partly by active speculative capital. Market expectations were generally optimistic before the September 3rd military parade. However, caution is warranted regarding the risks posed by potential supply releases and fluctuations in the macroeconomic and political environment.

In the tungsten concentrate market, supply constraints persist due to limited capacity expansion and reluctance to sell, resulting in a strong market trend.

The price of 65% wolframite concentrate was reported at RMB 264,000/ton, up 84.6% from the beginning of the year.

The price of 65% scheelite concentrate was reported at RMB 263,000/ton, up 85.2% from the beginning of the year.

In the ammonium paratungstate (APT) market, raw material resources are scarce, and coupled with environmental regulations, market supply is limited, resulting in firm quotes from holders.

The price of ammonium paratungstate (APT) was reported at RMB 385,000/ton, up 82.5% from the beginning of the year.

The European APT price is USD 495-545/mtu (RMB 312,000-344,000/ton), a 57.6% increase from the beginning of the year.

In the tungsten powder market, raw material prices fluctuate daily, making it difficult to maintain a stable level. Transactions are mostly negotiated on a case-by-case basis.

Tungsten powder prices are reported at RMB 590/kg, an 86.7% increase from the beginning of the year.

Tungsten carbide powder prices are reported at RMB 575/kg, an 84.9% increase from the beginning of the year.

In the ferrotungsten market, driven by rising raw material prices, costs are significantly supported, and downstream purchases are cautious and based on demand.

70 ferrotungsten prices are reported at RMB 372,000/ton, a 73.0% increase from the beginning of the year.

European ferrotungsten prices are reported at USD 67-68.2/kg W (RMB 334,000-340,000/ton), a 53.6% increase from the beginning of the year.

In the tungsten waste and scrap market, prices remain firm due to the high prices of tungsten raw materials.

The price of scrap tungsten rods was reported at RMB 418/kg, up 90% from the beginning of the year.

Prices of Tungsten Products on September 1, 2025

Tungsten Price Trend from January to September 1, 2025

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