Analysis of Latest Tungsten Market from Chinatungsten Online
On Monday, tungsten prices continued their steady upward trend. From the supply side, resource supply remained tight, giving sellers relatively strong bargaining power. From the demand side, downstream enterprises mainly purchased based on rigid demand, and restocking behavior was generally cautious due to cost pressures. From a macroeconomic perspective, geopolitical factors continued to interfere, although the market sentiment did not change significantly in the short term. Currently, the tungsten market is characterized by a strong wait-and-see atmosphere, with weak supply and demand leading to a stalemate and limited trading activity.
As of press time,
65% wolframite concentrate was priced at RMB 332,000/ton, up 132.2% from the beginning of the year.
65% scheelite concentrate was priced at RMB 331,000/ton, up 133.1% from the beginning of the year.
Ammonium paratungstate (APT) was priced at RMB 486,000/ton, up 130.3% from the beginning of the year.
European APT was priced at USD 735-780/mtu (equivalent to RMB 462,000-491,000/ton), up 129.6% from the beginning of the year.
Tungsten powder price is reported at RMB 780/kg, up 146.8% from the beginning of the year.
Tungsten carbide powder price is reported at RMB 750/kg, up 141.2% 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 447,000/ton, up 107.9% from the beginning of the year.
European ferrotungsten is reported at USD 92-95.5/kg W (equivalent to RMB 458,000-475,000/ton), up 113.1% from the beginning of the year.
Scrap tungsten rod price is reported at RMB 480/kg, up 118.2% from the beginning of the year.
Scrap tungsten drill bit price is reported at RMB 445/kg, up 95.2% from the beginning of the year.
Prices of Tungsten Products on November 24, 2025
Tungsten Price Trend from January to November 24, 2025
