In February 2026, the tungsten market in China continued to show strong momentum. In terms of average prices, the average price of 65% black tungsten concentrate was RMB 698,700 per ton, an increase of 382.36% year-on-year; the average price of ammonium paratungstate was RMB 1,033,300 per ton, an increase of 385.79% year-on-year; the average price of tungsten powder was RMB 1,704.00 per kilogram, an increase of 434.79% year-on-year; the average price of tungsten carbide powder was RMB 1,652.67 per kilogram, an increase of 426.95% year-on-year; the average price of scrap tungsten rods was RMB 903.33 per kilogram, an increase of 307.68% year-on-year.

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