Amidst a recent general decline in global precious and base metals, the tungsten market has bucked the trend. Tungsten raw material prices are hitting new highs daily, with intermediate traders and downstream users raising their quotes, but increasing pressure on consumption. The tungsten scrap market has temporarily stabilized due to market sentiment fluctuations. With the Spring Festival approaching, all links in the industry chain are cautious in their procurement and sales activities, with market transactions mainly driven by small-batch, rigid demand, intensifying the game of buying and selling sentiment.
As of press time:
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65% wolframite concentrate price: RMB 632,000/ton, up 37.4% from the beginning of the year.
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65% scheelite concentrate price: RMB 631,000/ton, up 37.5% from the beginning of the year.
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Ammonium paratungstate (APT) price: RMB 940,000/ton, up 40.3% from the beginning of the year.
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European APT price: USD 1,100-1,398/mtu (equivalent to RMB 677,000-860,000/ton), up 35.8% from the beginning of the year.
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Tungsten powder price: RMB 1,550/kg, up 43.5% from the beginning of the year.
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Tungsten carbide powder price: RMB 1500/kg, up 44.2% from the beginning of the year.
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Cobalt powder price: RMB 580/kg, up 11.5% from the beginning of the year.
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70% ferrotungsten price: RMB 870,000/ton, up 33.9% from the beginning of the year.
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European ferrotungsten price: USD 168-178/kg W (equivalent to RMB 817,000-866,000/ton), up 25.8% from the beginning of the year.
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Scrap tungsten rod price: RMB 860/kg, up 43.3% from the beginning of the year.
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Scrap tungsten drill bit price: RMB 830/kg, up 43.1% from the beginning of the year.
