Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices remain under overall pressure, and a new round of downward price guidance from tungsten companies has had a certain impact on industry confidence. However, MOFCOM has intensively implemented export control policies for rare earths, superhard materials, lithium batteries, and artificial graphite anode materials, enhancing the strategic value of key minerals, which has had a certain impact on the tungsten industry.
In the tungsten concentrate market, the downward price guidance from large tungsten companies in Jiangxi has impacted market sentiment, leading to a slight downward movement in market quotes. However, the annual mining control targets have yet to be released, and tight market supply remains supportive.
The price of 65% wolframite concentrate was reported at RMB 270,000/ton, down 6.3% from its peak and up 88.8% from the beginning of the year.
The price of 65% scheelite concentrate was reported at RMB 269,000/ton, down 6.3% from its peak and up 89.4% from the beginning of the year.
In the ammonium paratungstate (APT) market, long-term purchase prices from large tungsten companies in Fujian have remained stable, but there has been a slight easing of cost-side factors, resulting in mixed market sentiment and a wait-and-see approach.
The price of ammonium paratungstate (APT) was reported at RMB 393,000/ton, down 6% from its peak and up 86.3% from the beginning of the year.
The European APT price was reported at USD 580-650/mtu (equivalent to RMB 366,000-410,000/ton), up 86.4% from the beginning of the year.
In the tungsten powder market, pressures coexist on both the cost and demand sides. Market participants are cautious about buying and selling, resulting in limited overall spot liquidity and pressure on actual transaction prices.
The price of tungsten powder was reported at RMB 625/kg, down 3.1% from its peak and up 97.8% from the beginning of the year.
The price of tungsten carbide powder was reported at RMB 610/kg, down 3.2% from its peak and up 96.1% from the beginning of the year.
For cobalt raw materials, the overall market is in an upward trend due to a supply shortage. Cemented carbide manufacturers face the difficult challenge of balancing costs, profits, and demand.
The price of cobalt powder was reported at RMB 430/kg, up 152.9% from the beginning of the year.
In the ferrotungsten market, post-holiday selling has subsided, coupled with a rise in international tungsten prices, leading to a generally stable wait-and-see market.
70 ferrotungsten prices were quoted at RMB 385,000/ton, down 6.1% from their peak and up 79.1% from the beginning of the year.
European ferrotungsten prices were quoted at USD 82.8-85.5/kg W (RMB 413,000-427,000/ton), up 91.3% from the beginning of the year.
In the scrap tungsten market, transaction prices were stable with some upward movement. Traders' sentiment improved slightly due to earlier selling that alleviated inventory overhangs and post-holiday policies boosting the value of strategic resources.
The price of scrap tungsten bars was quoted at 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 quoted at RMB 370/kg, down 18.7% from its peak and up 62.3% from the beginning of the year.
Prices of Tungsten Products on October 10, 2025
Tungsten Price Trend from January to October 10, 2025
