Analysis of latest tungsten market from Chinatungsten Online
Tungsten prices remain stable, with mixed market sentiments prevailing. The current phase is characterized by cautious sideways movement as stakeholders observe the standoff between tungsten ore suppliers' reluctance to sell and downstream buyers' price negotiations. The quotations from several representative tungsten companies this week serve as the main reference indicators.
The price of 65% wolframite concentrate maintains at $19,718.3/ton, reflecting tight supply, weak demand, and trading stagnation. Sellers remain unwilling to compromise on margins, keeping the market in a tentative equilibrium.
Ammonium paratungstate (APT) is quoted at $331.0/mtu, with ongoing tension between cost support and demand weakness. Lingering bearish influences in export markets continue to weigh on actual transaction prices.
Tungsten powder prices stabilize around $43.9/kg, while tungsten carbide powder is quoted at $43.2/kg. Recent procurement by cemented carbide enterprises has been cautious, with market liquidity driven by immediate needs and prices remaining stagnant.
70% ferro tungsten is quoted at $30,422.5/ton. Overall market sentiment remains cautious, with prices supported by essential demand and cost factors.
Tungsten waste and scrap prices show no significant fluctuation, primarily due to the stagnation spillover from primary material markets compounded by insufficient downstream purchasing activities. Supported by modest rigid demand, market participants maintain cautious trading attitudes.
Cobalt market sentiment continues to heat up, with lingering impacts from export restrictions in the Democratic Republic of Congo. Cobalt powder prices have surged nearly 70%, yet market availability remains scarce while demand is limited, creating a situation of "high prices but low trading volumes."
Prices of tungsten products on March 18, 2025
Picture of tungsten alloy counterweight blocks
