Tungsten prices are currently stable, with relatively slow market liquidity. Participants are observing the performance of the next round of price forecasts from Jiangxi industry institutions and the long-term contract purchase prices of listed tungsten companies.

From the supply side, upstream mines and traders maintain a certain willingness to lock in profits, but their sales pace is relatively rational, keeping the price bottom firm. From the demand side, downstream end-users' purchasing sentiment is generally weak, with a "don't buy when prices are falling" mentality prevailing in the market. Aside from rigid demand, there are no obvious signs of restocking.

As of press time,

• 65% wolframite concentrate is priced at RMB 960,000/ton, down 8.6% from its peak, but up 108.7% since the beginning of the year.
• 65% scheelite concentrate is priced at RMB 959,000/ton, down 8.6% from its peak, but up 108.9% since the beginning of the year.
• Ammonium paratungstate (APT) is priced at RMB 1,450,000/ton, down 4.6% from its peak, but up 116.4% since the beginning of the year.
• European APT is priced at USD 2800-3190/mtu (equivalent to RMB 1.706-1.943 million/ton), up 225.5% from the beginning of the year.
• Tungsten powder is priced at RMB 2340/kg, down 2.5% from its peak, but up 116.7% from the beginning of the year.
• Tungsten carbide powder is priced at RMB 2280/kg, down 2.6% from its peak, but up 119.2% from the beginning of the year.
• Cobalt powder is priced at RMB 580/kg, up 11.5% from the beginning of the year.
• 70% ferrotungsten is priced at RMB 1,380,000/ton, down 2.8% from its peak, but up 112.3% from the beginning of the year.
• European ferrotungsten is priced at USD 310-330/kg W (equivalent to RMB 1.494-1.59 million/ton), up 132.7% from the beginning of the year.
• Scrap tungsten rods are priced at RMB 1030/kg, down 24.8% from its peak, but up 71.7% from the beginning of the year.
• Scrap tungsten drill bits are priced at RMB 1000/kg, down 27.0% from its peak, but up 72.4% from the beginning of the year.