Analysis of Latest Tungsten Market from Chinatungsten Online
At the beginning of June, after the Dragon Boat Festival holiday, the tungsten market continued to maintain a high and stable market. The industry waited and watched the new round of quotations from the main producing institutions and several representative tungsten enterprises.
The price of 65% black tungsten concentrate was RMB 172,000/standard ton. The supply and sentiment support still dominated, and the market was in a strong atmosphere of supporting the market, but due to "difficulty in finding ore and limited orders", the actual market circulation was not much.
The price of ammonium paratungstate was RMB 251,000/ton, and the price increase behavior was relatively passive. Smelting enterprises faced the impact of primary product prices and downstream demand resistance. The market inverted pressure was significant, and the enthusiasm for production and purchase and sale was sluggish.
The price of tungsten powder was RMB 370/kg, and the price of tungsten carbide powder was RMB 364/kg. The cost transmission mechanism was not smooth. Since March, most cemented carbide companies have experienced 2-3 price increases, but the back-end acceptance capacity is insufficient, and the market is difficult to trade.
The price of 70 ferrotungsten is RMB 251,000/ton. The cost side drives the market upward. The pressure on the consumer side continues to accumulate, and the market is mainly traded according to rigid demand.
The price of scrap tungsten continues to rise, mainly driven by the tight supply and price of raw materials in the market, but the downstream terminals are becoming more cautious in accepting goods, and the market activity is limited.
The price of cobalt powder is RMB 265/kg. The export ban of the main producing countries has not changed for the time being. There has been no obvious progress in downstream terminal consumption. The market supply and demand pattern is in a stalemate, and the market is temporarily stable.
Prices of Tungsten Products on June 03, 2025
Picture of Tungsten Carbide Rods
