In January 2026, the Chinese tungsten market achieved a strong opening with robust performance, as mainstream tungsten product prices continued to rise, with an average daily increase of approximately 1.5%. In January, the average price of 65% black tungsten concentrate was RMB 514,900/ton, increased by 255.35% year-on-year. The average price of ammonium paratungstate was RMB 757,100/ton, increased by 255.75% year-on-year. The average price of tungsten powder was RMB 1,227.62/kg, increased by 285.70% year-on-year. The average price of tungsten carbide powder was RMB 1,185.24/kg, increased by 278.33% year-on-year. The average price of waste tungsten bars and rods was RMB 711.67/kg, increased by 221.21% year-on-year.
