Analysis of Latest Tungsten Market from Chinatungsten Online
The tungsten market continues to surge, with prices of tungsten concentrate and major tungsten products hitting new highs! The main drivers of the market rally remain tight supply and reluctance to sell by holders, compounded by international price transmission and policy expectations.
As of the time of publication:
65% Wolframite Concentrate: Priced at RMB 199,000/ton, up 39.2% from the beginning of the year.
65% Scheelite Concentrate: Priced at RMB 198,000/ton, up 39.4% from the beginning of the year.
Ammonium Paratungstate (APT): Priced at RMB 291,000/ton, up 37.9% from the beginning of the year.
European APT: Priced at USD 485-503/mtu (equivalent to RMB 308,000-320,000/ton), up 49.7% from the beginning of the year.
Tungsten Powder: Priced at RMB 438/kg, up 38.6% from the beginning of the year.
Tungsten Carbide Powder: Priced at RMB 428/kg, up 37.6% from the beginning of the year.
70% Ferrotungsten: Priced at RMB 300,000/ton, up 39.5% from the beginning of the year.
European Ferrotungsten: Priced at USD 65.8-66.5/kg W (equivalent to RMB 331,000-334,000/ton), up 50.3% from the beginning of the year.
Scrap Tungsten Bar: Priced at RMB 327/kg, up 48.6% from the beginning of the year.
Supply Side: Constrained by resource endowments, environmental policies, mining quota controls, and suppliers’ reluctance to sell at lower prices, raw material supply remains tight. In the international market, supply shortages are particularly pronounced due to China’s export restrictions and limited new project commissioning, driving a 50% surge in international tungsten prices.
Demand Side: High costs have suppressed downstream procurement sentiment, with small and medium-sized smelting and cemented carbide enterprises facing severe operational pressures. The complex international political and economic environment has impacted market consumption, and while tungsten’s strategic value has increased, global economic downside risks and trade barriers have limited export demand for tungsten products. In China, policies to boost consumption, stabilize investment, and strengthen infrastructure are expected to drive future demand, particularly in fields like machining, electronics, and defense, where demand for hard alloys and high-density tungsten alloys is likely to grow.
Latest Update: The "Joint Statement on U.S.-China Economic and Trade Meeting in Stockholm" confirms that China and the US have agreed to suspend the mutual imposition of 24% tariffs for 90 days, while retaining the remaining 10% tariffs. Substantive progress in China-US tariff negotiations has injected short-term positive sentiment into the tungsten industry, though the long-term outlook requires continued observation.
Prices of Tungsten Products on August 12, 2025
Tungsten Price Trend from January to August 12, 2025
