Analysis of latest tungsten market from Chinatungsten Online
This week, the tungsten market trended generally weak. The downturn was driven by sluggish demand, a complex global political and economic environment, and rising trade barriers, which have dampened consumer confidence. Additionally, industry institutions and tungsten companies lowered their quotations, reflecting market weakness and undermining traders' pricing confidence.
Tungsten Concentrate Market
Mining output remained limited, while downstream demand stayed subdued. The mismatch between supply and demand persisted, leaving transactions stagnant. The price of 65% wolframite concentrate was quoted at $19,859.2/ton.
Ammonium Paratungstate (APT) Market
Export control policies significantly slowed market shipments. Traders and downstream users adopted cautious purchasing strategies amid weak consumption sentiment. The APT price fell below the $334.2/mtu level this week.
Tungsten Powder Market
Facing export pressure and limited orders from cemented carbide plants, the market operated on rigid demand, with transactions under pressure. Tungsten powder prices were quoted at $44.2/kg, and tungsten carbide powder at $43.5/kg.
Ferrotungsten Market
Weaker cost support from tungsten raw materials, coupled with price suppression by downstream steel companies, led to a slight decline. The price of 70% ferro tungsten dropped to $30,422.50/ton.
Tungsten Scrap Market
Softening prices of primary materials, weak consumption from alloy producers, and a competitive bargaining environment dampened manufacturers' purchasing enthusiasm, resulting in a gradual decline in scrap tungsten prices.
Cobalt Market
The cobalt market saw a sharp price surge, driven by supply chain disruptions from the Democratic Republic of Congo’s export ban and heightened market sentiment. Cobalt powder prices rose to $27.5/kg, soaring by over 10% within the week.
Prices of tungsten products on March 06, 2025
Picture of tungsten carbide balls
