Tungsten prices are in a stagnant, sideways cycle, with both supply and demand sides engaging in cautious negotiation and limited market liquidity. On one hand,Insufficient tungsten raw material supply persists, and as risks from high prices gradually ease,material holders remain reluctant to sell. On the other hand, due to the instability of the macroeconomic environment, consumer confidence is hesitant, and market demand is relatively weak. Overall, bullish and bearish views on the tungsten market are mixed. Participants are generally cautious about trading based on demand, observing uncertainties such as the international political and economic situation, domestic policies and regulations, and the industry's competitive landscape.
As of press time,
The price of 65% wolframite concentrate was reported at 270,000 yuan/tbn, down 6.3% from its high and up 88.8% from the beginning of the year.
The price of 65% scheelite concentrate was reported at 269,000 yuan/tbn, down 6.3% from its high and up 89.4% from the beginning of the year.
The price of ammonium paratungstate (APT) was reported at 393,000 yuan/ton, down 6% from its peak and up 86.3% from the beginning of the year.
The European price of APT was reported at $600-670/ton (equivalent to RMB 379,000-423,000/ton), up 92.4% from the beginning of the year.
The price of tungsten powder was reported at 615 yuan/kg, down 4.7% from its peak and up 94.6% from the beginning of the year.
The price of tungsten carbide powder was reported at 600 yuan/kg, down 4.8% from its peak and up 92.9% from the beginning of the year.
The price of cobalt powder was reported at 430 yuan/kg, up 152.9% from the beginning of the year.
The price of 70 ferrotungsten was reported at 382,000 yuan/ton, down 6.8% from its peak and up 77.7% from the beginning of the year.
The European price of ferrotungsten was reported at $84-88/kg (equivalent to RMB 419,000-439,000/ton), up 95.5% from the beginning of the year.
The price of scrap tungsten rods was 415 yuan/kg, down 6.7% from its peak this year and up 88.6% from the beginning of the year.
The price of scrap tungsten drill bits was 395 yuan/kg, down 13.2% from its peak this year and up 73.2% from the beginning of the year.
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