Tungsten prices experienced a slight pullback, primarily due to temporary fluctuations caused by adjustments in sentiment and funding. Currently, market risk appetite has declined, with some participants reducing their holdings and adopting a wait-and-see approach, leading to narrow price fluctuations in tungsten products. This round of correction is considered a rational and cautious adjustment, and whether it will form a trend reversal signal remains to be seen.
In March, mine operations resumed further, coupled with some profit-taking, resulting in increased market supply. However, due to a series of measures including total mining volume control, environmental and safety inspections, crackdowns on illegal mining, and controls on unlicensed trade, the global tungsten market remains tight on supply and demand. Meanwhile, the strategic value of tungsten resources as a key mineral has significantly increased amidst the complex international geopolitical situation, providing support for medium- to long-term market confidence.
Currently, the industry is highly focused on the release of the new round of tungsten mining volume control indicators. It is worth noting that this data has not been fully disclosed since the second half of last year, and the percentage reduction data on mining indicators circulating online recently lacks reliable sources. China Tungsten Online reminds industry players to be cautious and discerning.
As of press time,
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65% wolframite concentrate is priced at RMB 1,030,000/ton, up 123.9% from the beginning of the year.
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65% scheelite concentrate is priced at RMB 1,029,000/ton, up 124.2% from the beginning of the year.
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Ammonium paratungstate (APT) is priced at RMB 1,500,000/ton, up 123.9% from the beginning of the year.
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European APT is priced at USD 2100-2400/mtu (equivalent to RMB 1.282-1.465 million/ton), up 144.6% from the beginning of the year.
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Tungsten powder is priced at RMB 2380/kg, up 120.4% from the beginning of the year.
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Tungsten carbide powder is priced at RMB 2320/kg, up 123.1% from the beginning of the year.
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Cobalt powder is priced at RMB 580/kg, up 11.5% from the beginning of the year.
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70% ferrotungsten is priced at RMB 1,420,000/ton, up 118.5% from the beginning of the year.
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European ferrotungsten is priced at USD 300-320/kg W (equivalent to RMB 1.449-1.545 million/ton), up 125.5% from the beginning of the year.
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Scrap tungsten rods are priced at RMB 1200/kg, up 100.0% from the beginning of the year.
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Scrap tungsten drill bits are priced at RMB 1200/kg, up 106.9% from the beginning of the year.
