Tungsten Ore Supply Shrinks, Prices Remain Stable
Tungsten price increasing have slowed slightly as market profit-taking has eased, particularly with significant fluctuations in tungsten scrap prices. However, the primary tungsten market remains dominated by bullish sentiment in the short term, based on the current tight supply and anticipated supply. With the year-end approaching, market opinions differ on whether prices can continue to break through key resistance levels, with current transactions mainly consisting of sporadic stockpiling, and overall sentiment remaining cautious.
As of press time,
65% black tungsten concentrate is priced at RMB 462,000/standard ton, up 223.1% from the beginning of the year.
65% white tungsten concentrate is priced at RMB 461,000/standard ton, up 224.7% from the beginning of the year.
Ammonium paratungstate (APT) is priced at RMB 680,000/ton, up 222.3% from the beginning of the year.
European APT prices are reported at $825-900/ton (equivalent to RMB 513,000-560,000/ton), up 161.4% from the beginning of the year.
Tungsten powder prices are reported at RMB 1080/kg, up 241.8% from the beginning of the year.
Tungsten carbide powder prices are reported at RMB 1040/kg, up 234.4% from the beginning of the year.
Cobalt powder prices are reported at RMB 515/kg, up 202.9% from the beginning of the year.
70% ferrotungsten is reported at RMB 655,000/ton, up 204.7% from the beginning of the year.
European ferrotungsten prices are reported at $119-127/kg tungsten, up 179.6% from the beginning of the year.
Scrap tungsten rod prices are reported at RMB 660/kg, up 200.0% from the beginning of the year.
Scrap tungsten drill bits are reported at RMB 625/kg, up 174.1% from the beginning of the year.
With Christmas Eve approaching and Christmas just around the corner, OSTON CARBIDE wishes you peace, joy, and all the best! 
