The tungsten market continues its price surge, with a divergence between transaction prices and volumes. Tungsten ore supply remains tight, and prices continue their upward trend. Smelting companies are passively raising prices due to high costs, while cemented carbide companies are experiencing delays in some orders due to cost pressures. Overall, there is a certain disconnect between current tungsten product prices and actual transaction volumes, indicating a stalemate between supply and demand in the market, with cautious wait-and-see sentiment intensifying.
As of press time,
65% wolframite concentrate is priced at RMB 338,000/ton, up 136.4% from the beginning of the year.
65% scheelite concentrate is priced at RMB 337,000/ton, up 137.3% from the beginning of the year.
Ammonium paratungstate (APT) is priced at RMB 492,000/ton, up 133.2% from the beginning of the year.
European APT is priced at USD 735-780/mtu (equivalent to RMB 460,000-489,000/ton), up 129.6% from the beginning of the year.
Tungsten powder price is reported at RMB 790/kg, up 150% from the beginning of the year.
Tungsten carbide powder price is reported at RMB 760/kg, up 144.4% from the beginning of the year.
Cobalt powder price is reported at RMB 510/kg, up 200% from the beginning of the year.
70% ferrotungsten is reported at RMB 457,000/ton, up 112.6% from the beginning of the year.
European ferrotungsten is reported at USD 92-95.5/kg W (equivalent to RMB 456,000-473,000/ton), up 113.1% from the beginning of the year.
Scrap tungsten rod price is reported at RMB 485/kg, up 120.5% from the beginning of the year.
Scrap tungsten drill bit price is reported at RMB 455/kg, up 99.6% from the beginning of the year.
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