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This price assessment will provide additional transparency in the tungsten market at a time of extreme volatility in other parts of the supply chain, and will complement Fastmarkets’ existing tungsten pricing coverage.
The new price assessment will provide market participants with an additional reference point, capturing dynamics beyond the tungsten concentrate, ferro-tungsten and ammonium paratungstate (APT) markets, particularly in the wake of export controls implemented by China on certain tungsten products, including APT.
It follows the successful launch in December 2025 of the price assessment for tungsten concentrate, basis 50-70% WO3, spot price, cif global, $ per mtu WO3.
The proposed specifications are as follows:
Tungsten unwrought metal bar, 99.8% min W, spot price, CIF main ports Europe, US, Japan, $ per kgQuality: Min. 99.8% W, max. 1,000 ppm oxygenQuantity: Min. 1 tonneLocation: CIF main ports Europe, US, Japan (other incoterms normalized)Timing: For material arriving within three monthsUnit: USD per kgPayment terms: 30 days (other payment terms normalized)Publication: Weekly. Friday, 2-3pm London time.
This price assessment will be part of Fastmarkets’ ores and alloys package.
The consultation period for this proposed launch starts from April 8 and will end on May 8. The launch will take place, subject to market feedback, on May 15.
To provide feedback on this price, or if you would like to provide price information by becoming a data submitter to Fastmarkets’ tungsten prices, please contact pricing@fastmarkets.com and ores_alloys@fastmarkets.com.
Please add the subject heading “re: tungsten unwrought metal bar, 99.8% min W, spot price, CIF main ports Europe, US, Japan, $ per kg.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets’ pricing methodology and specification documents, go to the Fastmarkets methodology page.