Analysis of Latest Tungsten Market from Chinatungsten Online
The tungsten market is experiencing a bull market, with prices for both mining and smelting products continuously breaking records. This has driven upward pressure on prices for mid- and downstream tungsten products. However, the conflict between cost-driven price increases and insufficient demand has been difficult to alleviate, dampening market activity and limiting actual order conversion rates.
In the tungsten concentrate market, prices remain strong, supported by fundamental factors such as resource scarcity and increasing supply concentration.
The price of 65% wolframite concentrate is reported at RMB 292,000/ton, a 104.2% increase from the beginning of the year.
The price of 65% scheelite concentrate is reported at RMB 291,000/ton, a 104.9% increase from the beginning of the year.
In the ammonium paratungstate (APT) market, prices are trading at a high level, driven by cost factors and tightening supply.
The domestic APT price is reported at RMB 430,000/ton, a 103.8% increase from the beginning of the year.
The European APT price is reported at USD 610-685/mtu (RMB 384,000-431,000/ton), a 96.2% increase from the beginning of the year.
In the tungsten powder market, bids followed the upward trend in raw material prices, but on-site trading was generally cautious, with prices negotiated on a case-by-case basis.
Tungsten powder prices were quoted at RMB 645/kg, up 104.1% from the beginning of the year.
Tungsten carbide powder prices were quoted at RMB 630/kg, up 102.6% from the beginning of the year.
Cobalt powder prices were quoted at RMB 500/kg, up 194.1% from the beginning of the year.
In the ferrotungsten market, cost factors dominated, leading to price increases.
70 ferrotungsten prices were quoted at RMB 400,000/ton, up 86.1% from the beginning of the year.
European ferrotungsten prices were quoted at USD 87-90.75/kg W (equivalent to RMB 433,000-452,000/ton), up 102% from the beginning of the year.
In the tungsten waste and scrap market, holders were reluctant to sell, following the price increase, while buyers were cautious and on the sidelines, resulting in a decrease in market trading activity.
The price of scrap tungsten rods was RMB 445/kg, up 102.3% from the beginning of the year.
The price of scrap tungsten drill bits was RMB 425/kg, up 86.4% from the beginning of the year.
Prices of Tungsten Products on October 29, 2025
Tungsten Price Trend from January to October 29, 2025
