Tungsten Market Sentiment Mixed, Quotations Disordered – September 10, 2025

Analysis of Latest Tungsten Market from Chinatungsten Online

The tungsten market is at an extremely high level, and all parties in the supply chain are in a state of panic and confusion. The rare short-term trading that occurs is solely to maintain basic production and upstream and downstream market relationships. There is almost no margin for redundancy in the market, and any slight disturbance could be like the flapping wings of a butterfly in South America.

In the tungsten concentrate market, merchants are releasing stocks in moderation. Resource scarcity continues to support a market-supporting stance, and long-term outlooks remain optimistic. The price of 65% wolframite concentrate is currently stable at around RMB 288,000/ton.

In the ammonium paratungstate (APT) market, bargaining power remains weak, and upstream and downstream costs and demand are in a wait-and-see phase. APT prices remain stagnant at around RMB 418,000/ton.

In the tungsten powder market, overall risk awareness has increased, and the market stalemate persists. Tungsten powder prices are at RMB 645/kg, and tungsten carbide powder prices are at RMB 630/kg.

In the ferrotungsten market, the market is generally cautious, waiting to see the performance of tungsten raw material prices and steel mill tender information. The price of 70% ferrotungsten is consolidating around RMB 410,000/ton.

In the scrap tungsten market, panic is growing, supply is temporarily easing, and prices are shifting downward, with the price of tungsten bar adjusted by approximately RMB  5-10/kg.

Prices of Tungsten Products on September 10, 2025

Tungsten Price Trend from January to September 10, 2025

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