Tungsten market continues to rise, keep an eye on long-term order releases

Writer： admin Time：2025-11-04 13:20:09 Browse：9℃

"Tungsten ore market shrinks but still sees upward trend" 
    The sentiment of reluctance to sell tungsten ore in the market continues to intensify. Traders have a demand to replenish their inventories from mines, but mines anticipate a continuous upward trend in prices, resulting in not only higher quotations but also limited spot releases. Some mines have depleted their mining quotas, further constraining the scale of shipments, which also contributes to the increasingly strong atmosphere of reluctance to sell in the market. Currently, the bargaining for 55-60 degree tungsten ore in bulk mainly revolves around prices above 305,000 yuan per metric ton. 
    "APT prices continue to surge, but trading remains light" 
    Currently, the upward trend in APT prices continues, with bulk cargo prices reaching a new historical high. This month, major domestic enterprises have successively released long-term contracts, signaling a stable market and a willingness to maintain prices. The bullish sentiment in the market remains strong, with traders generally choosing to hold back and maintain prices, resulting in a sluggish trading market. Currently, the negotiation range for bulk cargo prices is running around 455,000 yuan/ton. 
    "Tungsten powder product prices are rapidly increasing." 
    Currently, the market price of tungsten powder products is experiencing rapid upward trend. The tight supply of raw materials on the cost side has further intensified, coupled with the release of rigid downstream purchasing demand, driving the price of powder products to continue to climb, pushing the spot transaction prices to high levels. Currently, the mainstream bargaining range prices for medium-grained tungsten carbide powder and tungsten powder have climbed to around 675-690 yuan/kg and 695-710 yuan/kg respectively. Due to the scarcity of supply for some high-quality specifications, most suppliers are cautious in offering prices on a case-by-case basis to cope with rapid market price fluctuations. 
    【Ferrotungsten market is firm and on the rise】 
    The current tungsten iron market is in a strong upward trend driven by the resonance of multiple core factors. Under the triple support of rigid cost support at the raw material end, explosive growth in demand in emerging fields, and continuous empowerment from policy, the resilience of the market's upward trend is further highlighted, and the high-level operation pattern is difficult to reverse in the short term. 
    "Tungsten carbide enterprises are under high pressure" 
    Currently, tungsten carbide enterprises are facing dual pressures. Firstly, raw material prices continue to rise, with tungsten carbide powder and cobalt powder market quotations remaining high. Secondly, downstream demand is insufficient, and cost transmission is slow. In this market environment, corporate profit margins are severely compressed. Currently, the mainstream bargaining range for medium-grained tungsten carbide powder and cobalt powder remains around 675-690 yuan/kg and 490-510 yuan/kg respectively. The upstream supply shortage has not eased, while downstream enterprises, under financial pressure, generally adopt a "use-as-you-go" strategy to control inventory, limiting market trading activity and continuously increasing operational pressure on enterprises. 
    "The tungsten scrap market is mainly in a stalemate." 
    The current tungsten scrap market continues to be in a stalemate as it was the day before, with further narrowing of price fluctuation space for mainstream categories. Market trading activity has slightly decreased compared to yesterday. Among them, the actual transaction price of scrap rods is concentrated in the range of 430-440 yuan/kg. The price expectation gap between buyers and sellers persists, and most orders are relatively cautious, resulting in a slow overall transaction pace.