In July 2025, tungsten prices showed robust performance, with the average price of 65% black tungsten concentrate at 181,300 yuan per ton, increased by 5.10% month-on-month; the average price of ammonium paratungstate at 264,800 yuan per ton, increased by 5.04% month-on-month; the average price of tungsten powder at 396.13 yuan per kilogram, increased by 5.12% month-on-month; the average price of tungsten carbide powder at 387.00 yuan per kilogram, increased by 4.31% month-on-month; the average price of 70 ferrotungsten at 269,100 yuan per ton, increased by 4.71% month-on-month; and the average price of tungsten bars at 448.04 yuan per kilogram, increased by 5.42% month-on-month.