Analysis of Latest Tungsten Market from Chinatungsten Online
The current tungsten market is characterized by mixed sentiment and significant divergence. Overall risk appetite has declined, a wait-and-see atmosphere is prevalent, and market participants are adopting a cautious approach.
On the one hand, due to tight supply and tungsten's strategic resource status, some industry players remain bullish on tungsten prices, believing that market fundamentals, policies, and sentiment will support continued price increases.
On the other hand, given that raw material profits have significantly increased, while mid- and downstream companies have limited adaptability and ability to absorb high prices, some believe that tungsten prices need to moderate or adjust appropriately to allow these companies time to absorb high-priced raw materials and release consumer demand.
At the same time, some bearish sentiment is spreading. Industry insiders worry that if holders sell their stocks en masse to realize profits, market prices could rapidly reverse or even plummet, placing greater pressure on small and medium-sized smelters and cemented carbide manufacturers and exacerbating industry risks.
Yesterday, profit-taking increased in the tungsten scrap market. However, market confidence remains despite the strong raw material market. With increasing uncertainty in the current tungsten market, industry players are closely watching the price forecasts of industry institutions and the long-term purchase prices of several representative tungsten companies.
As of press time,
The price of 65% wolframite concentrate was RMB 280,000/ton, a 95.8% increase from the beginning of the year.
The price of 65% scheelite concentrate was RMB 279,000/ton, a 96.5% increase from the beginning of the year.
The price of ammonium paratungstate (APT) was RMB 405,000/ton, a 91.9% increase from the beginning of the year.
The price of tungsten powder was RMB 625/kg, a 97.8% increase from the beginning of the year.
The price of tungsten carbide powder was RMB 610/kg, a 96.1% increase from the beginning of the year.
The price of 70% ferrotungsten was RMB 398,000/ton, an 85.1% increase from the beginning of the year.
The price of tungsten scrap bar was RMB 440/kg, a 100% increase from the beginning of the year.
Prices of Tungsten Products on September 4, 2025
Tungsten Price Trend from January to September 4, 2025
