Analysis of latest tungsten market from Chinatungsten Online
The overall trend of tungsten prices remains in a stalemate, showing weak stability. The complex international political and economic environment, coupled with sluggish industry demand, continues to exert bearish pressure on market sentiment. Recently, buyers have turned pessimistic, while sellers are cautious about selling, awaiting new quotes from institutions and tungsten companies, as well as signals from the recent National People's Congress.
The price of 65% wolframite concentrate is hovering around $20,140.8/ton. Low-priced resources are scarce in the market, and buyers show limited acceptance of current prices, with transactions mainly based on demand.
The price of Ammonium Paratungstate (APT) stands at $334.2/mtu, amid poor supply-demand dynamics in the market, putting pressure on trade negotiations.
Tungsten powder prices have been adjusted to $44.4/kg, while tungsten carbide powder is priced at around $43.7/kg. Market sentiments are divided, leading to widened price differences within the market. Traders are watching mining costs and alloy consumption trends.
The price of ferro-tungsten is consolidating around $30,563.40/ton, with cost support weakening. Demand remains lukewarm, and the market is currently stable but uncertain, with traders adopting a wait-and-see attitude.
The price trend of tungsten waste and scrap is under pressure. Recently, there have been insufficient positive signals from both the supply and demand sides of tungsten raw materials, and market liquidity is poor, resulting in overall weak recycling prices.
Cobalt powder prices have risen to $25.1/kg due to an export ban imposed by the Democratic Republic of the Congo, a major supplier, which has affected the market supply chain. Downstream companies are increasing their inventories, while holders are hoarding and pushing up prices amid tight supply.
Prices of tungsten products on March 06, 2025
Picture of tungsten rings
