Analysis of Latest Tungsten Market from Chinatungsten Online
As the May Day holiday approaches, the tungsten market shows no signs of changing direction. Suppliers maintain a firm stance, reluctant to sell, while buyers cautiously replenish stocks as needed. Prices for various tungsten products are steadily rising, supported by ore costs,but the transaction volume of high prices has decreased, and the game between the supply and demand sides of the tungsten market continues.
The price of 65% black tungsten concentrate is reported at RMB 150,000/ton. There is still an intention to push prices higher, but consumer acceptance is limited. The high-priced trading volume is not satisfactory, and the overall market situation continues to be one where prices are high but trading activity is low.
Ammonium paratungstate (APT) is priced at RMB 220,000/ton. Due to persistent constraints on the demand side, the market lacks the strength to raise prices. There is significant pressure from price inversion, leaving manufacturers in a dilemma. They are cautious about production and sales, and recently, there have been few new orders outside of long-term contracts.
Tungsten powder prices have locally reached RMB 329/kg, while tungsten carbide powder is at RMB 324/kg. Upstream raw material costs are steadily climbing, forcing hard alloy companies to adjust their product sales prices. However, downstream purchasing willingness remains cautious, and the overall market transaction is quiet.
70% ferrotungsten is priced at RMB 226,000/ton. Cost pressures dominate, while demand is relatively mild. Recently, market sentiment has been slightly positive, and trading is proceeding as usual.
Tungsten scrap prices are steadily rising, but transaction activity is limited. There is a discrepancy in the psychological price points between buyers and sellers, leading to a cautious trading atmosphere. Before the holiday, the market is in a wait-and-see mode.
Prices of Tungsten Products on April 29, 2025
Picture of Ammonium Metatungstate
