Analysis of Latest Tungsten Market from Chinatungsten Online
The tungsten market has entered a critical phase, with significantly increased sensitivity, sluggish trading activity, and a stalemate between supply and demand. On the raw material side, the willingness to continue chasing price increases is wavering, with miners maintaining firm prices but increasing their willingness to sell. On the consumer side, the strategy of purchasing based on rigid demand continues, and powder prices may see further increases, but downstream acceptance remains weak. The tungsten scrap market appears stable on the surface but is declining due to increased profit-taking.
In the cobalt market, the Democratic Republic of Congo suspended a major copper-cobalt mine project in Kolwezi, owned by Huayou Cobalt's subsidiary, citing a leak and environmental pollution incident, exacerbating concerns about a cobalt supply shortage. It is worth noting that Indonesia's resource development and utilization levels are continuously improving, and it is expected to gradually fill the supply gap in the international market.
As of press time,
65% wolframite concentrate is priced at RMB 317,000/ton, up 121.7% from the beginning of the year.
65% scheelite concentrate is priced at RMB 316,000/ton, up 122.5% from the beginning of the year.
Ammonium paratungstate (APT) price is reported at RMB 470,000/ton, up 122.8% from the beginning of the year.
European APT price is reported at USD 647.5-700/mtu (equivalent to RMB 408,000-441,000/ton), up 104.2% from the beginning of the year.
Tungsten powder price is reported at RMB 740/kg, up 134.2% from the beginning of the year.
Tungsten carbide powder price is reported at RMB 720/kg, up 131.5% from the beginning of the year.
Cobalt powder price is reported at RMB 510/kg, up 200% from the beginning of the year.
70% ferrotungsten is reported at RMB 435,000/ton, up 102.3% from the beginning of the year.
European ferrotungsten is reported at USD 92-94/kg W (equivalent to RMB 458,000-468,000/ton), up 111.4% from the beginning of the year.
Scrap tungsten rod price is reported at RMB 470/kg, up 113.6% from the beginning of the year.
The price of scrap tungsten drill bits is reported at RMB 437/kg, up 91.7% from the beginning of the year.
Prices of Tungsten Products on November 12, 2025
Tungsten Price Trend from January to November 12, 2025
