Analysis of Latest Tungsten Market from Chinatungsten Online
At the beginning of August, the tungsten market was characterized by a wait-and-see atmosphere. After tungsten prices surged over 35% across the board and downstream alloy industry associations and companies advocated for "small fluctuations and rational price increases", the market gradually stabilized. Some holders began to take profits, easing supply tensions slightly, while downstream companies maintained cautious, on-demand purchasing. Market quotations remained stable, while actual transaction prices fluctuated somewhat. Market participants were closely monitoring new price announcements from industry organizations and major tungsten companies.
As of press time,
65% wolframite concentrate was quoted at RMB 195,000/ton, up 2.6% week-on-week and 36.4% year-on-year.
65% scheelite concentrate was quoted at RMB 194,000/ton, up 2.7% week-on-week and 36.6% year-on-year.
Ammonium paratungstate (APT) was quoted at RMB 286,000/ton, up 2.1% week-on-week and 35.6% year-on-year. European APT prices are USD 460-490/mtu (RMB 293,000-313,000/ton), up 0.53% week-over-week and 43.9% from the beginning of the year.
Tungsten powder is priced at RMB 430/kg, up 2.9% week-over-week and 36.1% from the beginning of the year.
Tungsten carbide powder is priced at RMB 420/kg, up 2.9% week-over-week and 35.0% from the beginning of the year.
70 ferrotungsten is priced at RMB 290,000/ton, up 1.8% week-over-week and 34.9% from the beginning of the year.
European ferrotungsten is priced at USD 59.45-64/kg (RMB 300,000-323,000/ton), up 8.19% week-over-week and 40.3% from the beginning of the year.
Tungsten scrap rods are priced at RMB 322/kg, up 0.6% week-over-week and 46.4% from the beginning of the year. The price of cobalt powder is 290/kg, up 5.5% week-on-week and 70.6% from the beginning of the year.
At present, all parties in the tungsten industry chain are generally in a state of anxiety: traders holding inventory are worried about the market trend, and companies that need to purchase raw materials to meet customer order needs are under pressure. The source of this worry and pressure is not the high or low price, but the price fluctuation range. According to the Chinatungsten Online survey, a rational, stable and long-term sustainable upward market state is the common goal expected by the industry.
At the beginning of the month and over the weekend, both within and outside the industry, stakeholders are digesting the content related to the Central Political Bureau meeting and monitoring trends in the international political and economic environment. (1) The prices of glass and coking coal, which had previously surged significantly under the guidance of "anti-involution" policies, have recently experienced a certain decline but remain within a reasonable range. Industry participants view this as a rational adjustment as the market returns to supply and demand fundamentals. Additionally, the understanding of the value of tungsten products by both upstream and downstream players in the industry chain is expected to gradually reach a consensus, driven by national policy regulation and market dynamics. (2) The US authorities' "reciprocal tariff" rates for various countries are basically in line with expectations. However, the unexpected exemption of refined copper and copper scrap tariffs by the US caused copper prices, which had surged following news of a 50% tariff, to fall sharply. COMEX copper prices saw a maximum intraday drop of nearly 20%, impacting both precious and base metals. This event reflects the high uncertainty surrounding global tariff policies.
Prices of Tungsten Products on August 1, 2025
Tungsten Price Trend from January to August 1, 2025
