Tungsten prices continued to climb, with the upward momentum slightly moderating after reaching a key psychological level. Currently, tight supply of tungsten raw materials continues to dominate the market, while cautious sentiment prevails on the consumer side, resulting in limited liquidity across the entire industry chain. The tungsten waste and scrap market is following suit, with a strong atmosphere of reluctance to sell in anticipation of further price increases. Although some holders are selling some inventory to alleviate financial pressure, market activity is limited.
As of press time,
65% wolframite concentrate is priced at RMB 422,000/ton, up 195.1% from the beginning of the year.
65% scheelite concentrate is priced at RMB 421,000/ton, up 196.5% from the beginning of the year.
Ammonium paratungstate (APT) is priced at RMB 630,000/ton, up 198.6% from the beginning of the year.
European APT is priced at USD 800-825/mtu (equivalent to RMB 499,000-514,000/ton), up 146.2% from the beginning of the year.
Tungsten powder is priced at RMB 1010/kg, up 219.6% from the beginning of the year.
Tungsten carbide powder is priced at RMB 970/kg, up 211.9% from the beginning of the year.
Cobalt powder is priced at RMB 515/kg, up 202.9% from the beginning of the year.
70% ferrotungsten is priced at RMB 590,000/ton, up 174.4% from the beginning of the year.
European ferrotungsten is priced at USD 109-121/kg tungsten (equivalent to 538,000-597,000/ton), up 161.4% from the beginning of the year.
Scrap tungsten rods are priced at RMB 600/kg, up 172.7% from the beginning of the year.
Scrap tungsten drill bits are priced at RMB 560/kg, up 145.6% from the beginning of the year.
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