Analysis of Latest Tungsten Market from Chinatungsten Online
The tungsten market remained hot on Monday, with the current price primarily driven by tight supply of intermediate material, ammonium paratungstate (APT). Industry insiders revealed that the current number of active suppliers in the APT market has significantly decreased. Some companies produce for their own use, while others have reduced or suspended production due to environmental concerns. Only a handful of manufacturers are currently selling the material, leveraging market concentration and necessary downstream demand to control pricing. APT prices have been rising daily, with some quotes reaching RMB 350,000/ton. This has kept upstream tungsten ore prices firm, while downstream tungsten powder prices have continued to rise, putting pressure on downstream cemented carbide manufacturers.
As of press time,
65% wolframite concentrate was priced at RMB 226,000/ton, a 58% increase from the beginning of the year.
65% scheelite concentrate was priced at RMB 225,000/ton, a 58.5% increase from the beginning of the year.
Ammonium paratungstate was priced at RMB 340,000/ton, a 61.1% increase from the beginning of the year.
The European APT price is USD 485-520/mtu (RMB 308,000-330,000/ton), a 52.3% increase from the beginning of the year.
The price of tungsten powder is RMB 510/kg, a 61.4% increase from the beginning of the year.
The price of tungsten carbide powder is RMB 495/kg, a 59.2% increase from the beginning of the year.
The price of 70 ferrotungsten is RMB 330,000/ton, a 53.5% increase from the beginning of the year.
The price of European ferrotungsten is USD 66.5-68/kg W (RMB 334,000-341,000/ton), a 52.8% increase from the beginning of the year.
Prices of Tungsten Products on August 25, 2025
Tungsten Price Trend from January to August 25, 2025
