Tungsten prices continue to rise, primarily driven by tight supply at the tungsten ore end and amplified market sentiment. Demand, however, remains relatively weak, with high prices suppressing restocking by buyers. As December arrives, the tungsten industry will gradually enter the traditional year-end stockpiling and financial settlement cycle. The tungsten market is highly sensitive to both financial and sentiment factors. Given the current stalemate between supply and demand, participants are generally cautious, with low transaction volume, and are waiting to see the next round of quotations from industry institutions and tungsten companies in Jiangxi.
As of press time,
65% wolframite concentrate is priced at RMB 345,000/ton, up 141.3% from the beginning of the year.
65% scheelite concentrate is priced at RMB 344,000/ton, up 142.3% from the beginning of the year.
Ammonium paratungstate (APT) is priced at RMB 505,000/ton, up 139.3% from the beginning of the year.
European APT prices are reported at USD 735-780/mtu (equivalent to RMB 460,000-488,000/ton), up 129.6% from the beginning of the year.
Tungsten powder is priced at RMB 805/kg, up 154.8% from the beginning of the year.
Tungsten carbide powder is priced at RMB 775/kg, up 149.2% from the beginning of the year.
Cobalt powder is priced at RMB 510/kg, up 200% from the beginning of the year.
70% ferrotungsten is priced at RMB 465,000/ton, up 116.3% from the beginning of the year.
European ferrotungsten prices are reported at USD 94-96/kg W (equivalent to RMB 466,000-475,000/ton), up 115.9% from the beginning of the year.
Scrap tungsten rods are priced at RMB 487/kg, up 121.4% from the beginning of the year.
Scrap tungsten drill bits are priced at RMB 460/kg, up 101.8% from the beginning of the year.
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