Tungsten Powder Price Reaches RMB 630,000 - September 5, 2025

Analysis of Latest Tungsten Market from Chinatungsten Online

After a strong rally this week, tungsten prices entered a period of consolidation at a high level, with market sentiment divided and quotations fluctuating. The tungsten raw material market remained strong, while the tungsten scrap market saw some selling to cash in on profits. 

Overall, both supply and demand sides of the industry chain are cautiously negotiating, with a strong wait-and-see attitude and limited liquidity. Future market trends await further confirmation of fundamentals, and in the short term, attention should be paid to quotes from industry institutions and large tungsten companies.

In the tungsten concentrate market, tight supply fundamentals and bullish holdings continue to support a strong market, while downstream fear of high prices has increased, leading to a stalemate in the market and limited overall trading activity.

The price of 65% wolframite concentrate was reported at RMB 280,000/ton, up 11.1% week-on-week and 95.8% year-on-year.

The price of 65% scheelite concentrate was reported at RMB 279,000/ton, up 11.2% week-on-week and 96.5% year-on-year.

In the ammonium paratungstate (APT) market, cost pressures and resource scarcity are supporting firm quotes from vendors, but buyers remain cautious and demand-driven. Market liquidity is insufficient, and wait-and-see sentiment is growing at high levels.

Ammonium paratungstate (APT) prices are reported at RMB 405,000/ton, up 8% week-over-week and 91.9% from the beginning of the year.

European APT prices are between USD 495-545/mtu (RMB 313,000-344,000/ton), up 3.5% week-over-week and 57.6% from the beginning of the year.

In the tungsten powder market, product prices are still rising, but increased market sensitivity has further weakened the willingness of cemented carbide manufacturers and their downstream companies to undertake purchases, and the market stalemate continues.

Tungsten powder prices are reported at RMB 630/kg, up 7.7% week-over-week and 99.4% from the beginning of the year.

Tungsten carbide powder prices are reported at RMB 615/kg, up 7.9% week-over-week and 97.8% from the beginning of the year.

In the ferrotungsten market, supported by cost and rigid demand, the market remains stable, awaiting clearer market signals from the tungsten raw material sector.

The price of 70% ferrotungsten was reported at RMB 400,000/ton, up 8.1% week-on-week and 86.1% from the beginning of the year.

The price of European ferrotungsten was reported at USD 67.6-80/kg W (RMB 338,000-399,000/ton), up 9.7% week-on-week and 67.7% from the beginning of the year.

In the tungsten scrap market, after the military parade, more holders took profits, releasing some liquidity, and transaction price fluctuations became more pronounced. The market bargaining atmosphere increased, and some merchants, unwilling to accept high-priced orders, temporarily stopped accepting goods.

The price of scrap tungsten bar was reported at RMB 440/kg, up 6% week-on-week and 100% from the beginning of the year.

Prices of Tungsten Products on September 5, 2025

Tungsten Price Trend from January to September 5, 2025

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