Tungsten Powder Price Reduction - September 16, 2025

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices have experienced a slight decline, driven primarily by marginal shifts in supply and demand dynamics and changing market sentiment. On the supply side, profit-taking by some holders has led to a modest easing of supply constraints, while on the demand side, widespread caution due to high prices has kept transactions focused on essential orders. The tungsten market currently exhibits a subdued trading atmosphere, with prices undergoing a rational correction phase.

In the tungsten concentrate market, recent mine resumptions and the release of some inventories have increased supply elasticity. However, cautious buying at high price levels has restrained non-essential purchases, maintaining a stalemate in the market with limited room for price adjustments.

The price of 65% wolframite concentrate is reported at RMB 285,000/ton, down 1% from its peak but up 99.3% from the start of the year.

The price of 65% scheelite concentrate is reported at RMB 284,000/ton, down 1.1% from its peak but up 100% from the start of the year.

In the ammonium paratungstate (APT) market, most smelters remain near the break-even point, closely monitoring supply-demand chain dynamics and guidance from long-term contracts with major enterprises. Overall trading activity is lackluster, with short-term price trends following slight adjustments in raw material prices.

Domestic APT prices are reported at RMB 415,000/ton, down 0.7% from the peak but up 96.7% from the start of the year.

European APT prices are reported at USD 550-645/mtu (equivalent to RMB 347,000-407,000/ton), up 81.1% from the start of the year.

In the tungsten powder market, influenced by softening raw material prices and a continued decline in recycled material prices, market quotes have been adjusted. Powder metallurgy companies are adopting a cautious “order-by-order” approach.

Tungsten powder prices are reported at RMB 640/kg, down 0.8% from the peak but up 102.5% from the start of the year.

Tungsten carbide powder prices are reported at RMB 625/kg, down 0.8% from the peak but up 101% from the start of the year.

In the ferrotungsten market, the supply-demand structure remains relatively stable, with limited price fluctuations for now, as participants monitor trends in raw tungsten material prices.

The price of 70 ferrotungsten is reported at RMB 410,000/ton, up 90.7% from the start of the year.

European ferrotungsten prices are reported at USD 82-83.1/kg W (equivalent to RMB 409,000-414,000/ton), up 87.6% from the start of the year.

In the tungsten waste and scrap market, in contrast to the reluctance to sell and chaotic pricing during the price surge phase, buyers now hold greater bargaining power, with widespread price suppression and a downward trend in market prices.

Scrap tungsten bar prices are reported at RMB 410/kg, down 7.9% from the peak but up 86.4% from the start of the year.

Scrap tungsten drill bit prices are reported at RMB 400/kg, down 12.1% from the peak but up 75.4% from the start of the year.

Prices of Tungsten Products on September 16, 2025

Tungsten Price Trend from January to September 16, 2025

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