Tungsten prices remained generally stable on Monday; market participants largely adopted a wait-and-see approach with limited trading initiative, awaiting news that might indicate a clear market direction.

Heavy rainfall has persisted recently across regions stretching from southern Jiangnan to South China. Due to seasonal factors and traders' reluctance to lower prices, the circulating supply of tungsten concentrate remains relatively tight, and sellers are holding firm on their asking prices. Prices in the smelting and powder-making sectors are trading sideways, caught between cost support and demand constraints, with upstream and downstream segments trading primarily on an as-needed basis. Sentiment in the scrap tungsten market has fluctuated; significant discrepancies between buying and selling price expectations have dampened overall liquidity, leaving the market stable but under pressure. Tungsten products newly prices as followings.

• 65% wolframite concentrate price: RMB 525,000/ton
  down 50.0% from the peak, up 14.1% since the start of the year.
• 65% scheelite concentrate price: RMB 524,000/ton
  down 50.1% from the peak, up 14.2% since the start of the year.
• Ammonium Paratungstate (APT) price: RMB 800,000/ton
  down 47.4% from the peak, up 19.4% since the start of the year.
• European APT price: USD 2,900–3,180/mtu (equivalent to 1.735-1.902 million /ton)
  down 3.2% from the peak, up 230.4% since the start of the year.
• Tungsten powder price: RMB 1,280/kg
  down 46.7% from the peak, up 18.5% since the start of the year.
• Tungsten carbide powder price: RMB 1,230/kg
  down 47.4% from the peak, up 18.3% since the start of the year.
• Cobalt powder price: RMB 540/kg
  down 6.9% from the year's high, up 3.9% since the start of the year.
• 70% ferrotungsten price: RMB 780,000/ton
  down 45.1% from the peak, up 20.0% since the start of the year.
• European ferrotungsten price: USD 200-235/kg W (equivalent to RMB 946,000–1,112,000/ton)
  down 33.1% from the peak, up 58.2% since the start of the year.
• Scrap tungsten carbide rod price: RMB 780/kg
  down 43.1% from the peak, up 30.0% since the start of the year.
• Scrap tungsten carbide drill bit price: RMB 730/kg
  down 46.7% from the peak, up 25.9% since the start of the year.