Tungsten prices are currently in a high-level consolidation phase, driven primarily by a tight balance in market supply and demand, as well as divergent psychological expectations among market participants. Following a previous rally that saw prices surge several-fold, the tungsten market is now characterized by a tug-of-war between bullish and bearish forces. With significant uncertainty regarding the market's future direction, participants are predominantly adopting a wait-and-see attitude, resulting in sluggish overall trading activity.
The tungsten scrap market—characterized by high capital turnover pressures, significant influence from retail investor sentiment, and a less standardized market order—typically exhibits more volatile emotional swings and a stronger inclination toward "taking profits" (locking in gains) compared to the markets for raw tungsten materials and finished tungsten products. Recently, the tungsten scrap market has displayed palpable anxiety, with quoted prices appearing relatively chaotic.
As of press time,
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65% wolframite concentrate was priced at RMB 1,025,000/ton, up 122.8% from the beginning of the year.
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65% scheelite concentrate was priced at RMB 1,024,000/ton, up 123.1% from the beginning of the year.
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Ammonium paratungstate (APT) was priced at RMB 1,500,000/ton, up 123.9% from the beginning of the year.
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European APT was priced at USD 2,500-2,800/mtu (equivalent to RMB 1.523-1.706 million/ton), up 188.0% from the beginning of the year.
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Tungsten powder was priced at RMB 2,380/kg, up 120.4% from the beginning of the year.
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Tungsten carbide powder was priced at RMB 2,320/kg, up 123.1% from the beginning of the year.
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Cobalt powder was priced at RMB 580/kg, up 11.5% from the beginning of the year.
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70% ferrotungsten was priced at RMB 1.42 million/ton, up 118.5% from the beginning of the year.
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European ferrotungsten was priced at USD 305-322/kg W (equivalent to RMB 1.47-1.551 million/ton), up 128.0% from the beginning of the year.
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Scrap tungsten rods were priced at RMB 1,100/kg, down 3.9% week-on-week, but up 83.3% from the beginning of the year.
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Scrap tungsten drill bits were priced at RMB 1,080/kg, down 86.2% week-on-week, but up 86.2% year-on-year.
