Tungsten Prices Maintain High Levels, Tungsten Concentrate Rises by 20,000 Yuan/Ton Daily

According to China Tungsten Online on March 12, tungsten product prices remain high, but uncertainties about future market trends are increasing. Based on surveys by China Tungsten Online, the bullish outlook is mainly supported by tight tungsten ore supply and strategic expectations regarding the value of key global minerals. Concerns in the market stem from the lack of substantial consumption demand growth amid continuous unilateral price increases, and the strategic and financial nature of tungsten asset allocation makes it vulnerable to macroeconomic policies and participant sentiment. As tungsten prices continue to rise, market risk aversion is also accumulating, and current market sensitivity has significantly increased. Industry insiders point out that entry barriers are rising, and the industry faces both opportunities and challenges, requiring cautious responses.

As of the report,

• 65% black tungsten concentrate is priced at 1.05 million yuan per metric ton, up 128.3% from the beginning of the year.
• 65% white tungsten concentrate is priced at 1.049 million yuan per metric ton, up 128.5% from the beginning of the year.
• Ammonium paratungstate (APT) is priced at 1.52 million yuan per ton, up 126.9%.
• European APT prices are 2000-2195 USD per ton of WO3 (equivalent to 1.217-1.336 million yuan per ton), up 128.0%.
• Tungsten powder is priced at 2400 yuan per kilogram, up 122.2%.
• Tungsten carbide powder is priced at 2340 yuan per kilogram, up 125.0%.
• Cobalt powder is priced at 580 yuan per kilogram, up 11.5%.
• 70% tungsten heavy alloy is priced at 1.42 million yuan per ton, up 118.5%.
• European tungsten heavy alloy prices are 270-289 USD per kilogram of tungsten (equivalent to 1.299-1.391 million yuan per ton), up 103.3%.
• Scrap tungsten rods are priced at 1370 yuan per kilogram, up 128.3%.
• Scrap tungsten drill bits are priced at 1370 yuan per kilogram, up 136.2%.