--- title: "The tungsten market supply and demand await a new situation, with tungsten prices in a weak and stable range" type: "News" locale: "en" url: "https://longbridge.com/en/news/281836795.md" description: "Tungsten prices are in a weak and stable range, with market liquidity slow and participants awaiting a new round of price forecasts. On the supply side, upstream mines and traders maintain a willingness to profit, with a rational shipping pace. On the demand side, end-user purchasing sentiment is low, lacking signs of inventory replenishment. On the policy front, tax authorities are strengthening the regulation of recycled resources and utilization, which may lead to short-term pressure on the waste tungsten market but will help in the standardized development of the market. The prices of 65% black tungsten concentrate and white tungsten concentrate have both fallen by 8.6%" datetime: "2026-04-07T06:19:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281836795.md) - [en](https://longbridge.com/en/news/281836795.md) - [zh-HK](https://longbridge.com/zh-HK/news/281836795.md) --- # The tungsten market supply and demand await a new situation, with tungsten prices in a weak and stable range According to Zhongtung Online's report on April 7, tungsten prices are in a weak and stable range, with market liquidity being relatively slow, and participants are observing the performance of the new round of price forecasts from industry organizations in Jiangxi and the long-term procurement prices of listed tungsten companies. From the supply side, upstream mines and traders still maintain a certain willingness to take profits, but the shipping rhythm is relatively rational, keeping the market bottom firm. From the demand side, the purchasing sentiment of downstream end users is generally sluggish, and the market's "no buying on the dip" atmosphere is being released, with no significant replenishment signs outside of just-in-time needs. On the macro front, based on recent policy signals released at the "State Administration of Taxation's regular press conference," the rectification of the "invoice economy" has entered a deep execution stage from macro guidance to specific industries and key areas. The core is to curb the "digital prosperity" characterized by false invoicing and circular trading, and to reshape a real and compliant market trading system. Combining the current operation of the tungsten industry, Zhongtung Online believes that the recent significant decline in tungsten scrap prices is superficially due to market sentiment fluctuations and the quality of tungsten scrap and temporary supply-demand imbalances, but the deeper reason is closely related to the insufficient compliance of some transactions in the circulation link. Some waste tungsten resources may face issues such as unbilled transfers, non-standard invoices, and unclear entities during the recycling and circulation process. Under the backdrop of tightening tax supervision, these resources will face higher compliance costs and circulation resistance when transmitted downstream, thus forming temporary pressure on prices. Analyzing the spirit of the meeting, Zhongtung Online notes that the tax authorities have clearly identified the recycling and utilization of renewable resources as key rectification targets, and future checks on high-risk enterprises and abnormal invoicing behaviors will continue to strengthen. This means that the waste tungsten market may face pressure in the short term, especially as non-compliant channel resources will accelerate clearance, increasing market volatility. However, from a medium to long-term perspective, this round of rectification will help purify the market environment and promote the standardization and transparency of the waste tungsten recycling system. Enterprises with legal qualifications, complete invoices, and compliant operations will gain more stable development space, and the industry's concentration and pricing mechanism are also expected to gradually optimize. For industry participants, strengthening compliance awareness and improving the invoice system will become the basic premise for future market competition. As of the time of publication, the price of 65% black tungsten concentrate is reported at 960,000 yuan/ton, down 8.6% from the highest point, and up 108.7% from the beginning of the year. The price of 65% white tungsten concentrate is reported at 959,000 yuan/ton, down 8.6% from the highest point, and up 108.9% from the beginning of the year. The price of ammonium paratungstate (APT) is reported at 1,450,000 yuan/ton, down 4.6% from the highest point, and up 116.4% from the beginning of the year The price of APT in Europe is reported at USD 2,800-3,190 per ton (equivalent to RMB 1.706-1.943 million per ton), an increase of 225.5% compared to the beginning of the year. The price of tungsten powder is reported at RMB 2,340 per kilogram, down 2.5% from the highest point, and an increase of 116.7% compared to the beginning of the year. The price of tungsten carbide powder is reported at RMB 2,280 per kilogram, down 2.6% from the highest point, and an increase of 119.2% compared to the beginning of the year. The price of cobalt powder is reported at RMB 580 per kilogram, an increase of 11.5% compared to the beginning of the year. The price of ferrotungsten is reported at RMB 1.38 million per ton, down 2.8% from the highest point, and an increase of 112.3% compared to the beginning of the year. The price of ferrotungsten in Europe is reported at USD 310-330 per kilogram of tungsten (equivalent to RMB 1.494-1.59 million per ton), an increase of 132.7% compared to the beginning of the year. The price of scrap tungsten bar is reported at RMB 1,030 per kilogram, down 24.8% from the highest point, and an increase of 71.7% compared to the beginning of the year. The price of scrap tungsten drill bits is reported at RMB 1,000 per kilogram, down 27.0% from the highest point, and an increase of 72.4% compared to the beginning of the year ### Related Stocks - [159880.CN](https://longbridge.com/en/quote/159880.CN.md) - [562800.CN](https://longbridge.com/en/quote/562800.CN.md) - [002378.CN](https://longbridge.com/en/quote/002378.CN.md) - [159881.CN](https://longbridge.com/en/quote/159881.CN.md) - [159608.CN](https://longbridge.com/en/quote/159608.CN.md) - [159876.CN](https://longbridge.com/en/quote/159876.CN.md) - [159871.CN](https://longbridge.com/en/quote/159871.CN.md) - [600549.CN](https://longbridge.com/en/quote/600549.CN.md) - [512400.CN](https://longbridge.com/en/quote/512400.CN.md) - [516650.CN](https://longbridge.com/en/quote/516650.CN.md) - [000657.CN](https://longbridge.com/en/quote/000657.CN.md) - [560860.CN](https://longbridge.com/en/quote/560860.CN.md) - [561330.CN](https://longbridge.com/en/quote/561330.CN.md) ## Related News & Research - [BREAKINGVIEWS-China's outbound M&A spree has staying power](https://longbridge.com/en/news/286850954.md) - [13:35 ETThe global underground mining market, which is slated to reach $28.5 billion by 2033, growing at a CAGR of 2.1% | Allied Market Research](https://longbridge.com/en/news/286449758.md) - [METALS-Nickel extends gains after Indonesia says it plans to centralise commodity exports](https://longbridge.com/en/news/287027198.md) - [RBC Capital Reaffirms Their Hold Rating on Lundin Mining (LUNMF)](https://longbridge.com/en/news/286182607.md) - [US Critical Materials and Bayan Mining and Minerals sign MoU](https://longbridge.com/en/news/286679728.md)