Analysis of Latest Tungsten Market from Chinatungsten Online
The tungsten market continued its upward trend this week, particularly in tungsten powder, with prices rising by approximately RMB 10,000/ton daily. Many buyers are unwilling to accept the current high raw material prices, but some with rigid demand have no choice but to enter the market. Currently, market participants’ sentiments are somewhat divided, with cautious observation dominating and actual trading volume remaining low.
The tungsten concentrate market saw a slightly slower rise, with holders moderately selling to recoup funds, maintaining confidence in maintaining prices based on resource scarcity.65% wolframite concentrate was priced at RMB 318,000/ton, a weekly increase of 1.3%, and a 122.4% increase since the beginning of the year.65% scheelite concentrate was priced at RMB 317,000/ton, a weekly increase of 1.3%, and a 123.2% increase since the beginning of the year.The ammonium paratungstate (APT) market remained firm, with spot supply continuing to be tight, and actual trading mainly characterized by stalemate.Ammonium paratungstate (APT) prices were reported at RMB 475,000/ton, a weekly increase of 2.4%, and a 125.1% increase since the beginning of the year.European APT prices were reported at USD 647.5-700/mtu (equivalent to RMB 407,000-440,000/ton), a weekly increase of 4.1%, and a 104.2% increase since the beginning of the year.The tungsten powder market remained strong, with traders generally not actively quoting prices or only offering higher prices to test the waters. Downstream enterprises showed low enthusiasm for stockpiling, focusing on cautious purchases based on immediate needs.Tungsten powder prices were reported at RMB 760/kg, a weekly increase of 4.8%, and a 140.5% increase since the beginning of the year.Tungsten carbide powder prices were reported at RMB 730/kg, a weekly increase of 3.6%, and a 134.7% increase since the beginning of the year.In the cobalt market, supply remained affected by external factors, and cobalt prices remained stable.Cobalt powder prices were reported at RMB 510/kg, a weekly increase of 2%, and a 200% increase since the beginning of the year.The ferrotungsten market adjusted in line with the overall trend, with manufacturers maintaining firm offers and downstream users replenishing their stocks as needed.The price of 70% ferrotungsten was reported at RMB 435,000/ton, a weekly increase of 1.6%, and a 102.3% increase since the beginning of the year.European ferrotungsten prices were reported at USD 92-94/kg W (equivalent to RMB 457,000-467,000/ton), unchanged for the week, but up 111.4% since the beginning of the year.The tungsten waste and scrap market saw mixed sentiment. Traders, constrained by financial pressure and market uncertainty, increased profit-taking, but the firm trend in tungsten raw materials provided some support, resulting in mixed market activity.
The price of scrap tungsten rods was reported at RMB 470/kg, unchanged for the week, but up 113.6% since the beginning of the year.The price of scrap tungsten drill bits was reported at RMB 437/kg, unchanged for the week, but up 91.7% since the beginning of the year.
Post time: Dec-01-2025