Tungsten Powder Stable, Cobalt Powder Soars - September 25, 2025

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices have remained stagnant, with trading activity quiet. Suppliers are unwilling to trade price for volume and resist a significant price reduction, offering only modest discounts to maintain liquidity. Buyers are reluctant to purchase at high prices, and restocking is rare outside of essential needs. 

Overall, driven by multiple factors such as profit-taking, cost easing, weak demand, and peer competition, the tungsten market has recently been dominated by a bearish sentiment, with low actual trading volume and pressure on prices. However, given the uncertainties surrounding domestic tungsten ore supply policies and the fierce global competition for key minerals, market confidence remains, and the price correction is moderate and reasonable.

As of press time,

The price of 65% wolframite concentrate was reported at RMB 273,000/ton, down 5.2% from its high and up 90.9% from the beginning of the year.

The price of 65% scheelite concentrate was reported at RMB 272,000/ton, down 5.2% from its high and up 91.6% from the beginning of the year.

The price of ammonium paratungstate (APT) was reported at RMB 398,000/ton, down 4.8% from its peak and up 88.6% from the beginning of the year.

The price of European APT was reported at USD 570-650/mtu (equivalent to RMB 360,000-410,000/ton), up 84.9% from the beginning of the year.

The price of tungsten powder was reported at RMB 630/kg, down 2.3% from its peak and up 99.4% from the beginning of the year.

The price of tungsten carbide powder was reported at RMB 615/kg, down 2.4% from its peak and up 97.8% from the beginning of the year.

The price of 70 ferrotungsten was reported at RMB 395,000/ton, down 3.7% from its peak and up 83.7% from the beginning of the year.

The European ferrotungsten price was reported at USD 80-82/kg W (equivalent to RMB 399,000-409,000/ton), down 3.4% from its peak and up 84.1% from the beginning of the year.

The price of scrap tungsten rods was RMB 385/kg, down 13.5% from its peak and up 75% from the beginning of the year.

The price of scrap tungsten drill bits was RMB 370/kg, down 18.7% from its peak and up 62.3% from the beginning of the year.

The price of cobalt powder was RMB 365/kg, up 114.7% from the beginning of the year.

Prices of Tungsten Products on September 25, 2025

Tungsten Price Trend from January to September 25, 2025

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