Analysis of Latest Tungsten Market from Chinatungsten Online
This week, domestic tungsten prices generally showed a slight downward adjustment followed by a sideways consolidation. Market sentiment was cautious, with intensified bargaining between buyers and sellers, and transactions revolving around essential needs. Tight supply remained the main supporting factor for prices, but downstream reluctance to accept high prices and cautious funding conditions hampered actual transactions. The current tungsten market is in a high-level consolidation phase, lacking new directional drivers, and characterized by strong wait-and-see sentiment.
International tungsten prices continued their firm trend. Due to the lack of substantial easing of supply chain bottlenecks, limited new project resource replenishment, and the influence of geopolitical tensions, the upward momentum in the international market continued. However, risks at high prices have also accumulated, and overall buying and selling is proceeding according to rigid demand.
As of press time,
65% wolframite concentrate was priced at RMB 1.025,000/ton, down 2.4% week-on-week, but up 122.8% year-to-date.
65% scheelite concentrate was priced at RMB 1.024,000/ton, down 2.4% week-on-week, but up 123.1% year-to-date.
Ammonium paratungstate (APT) was priced at RMB 1,500,000/ton, down 1.3% week-on-week, up 123.9% year-on-year.
European APT was priced at USD 2100-2400/mtu (equivalent to RMB 1.28-1.463 million/ton), up 7.3% week-on-week, up 144.6% year-on-year.
Tungsten powder was priced at RMB 2380/kg, down 0.8% week-on-week, up 120.4% year-on-year.
Tungsten carbide powder was priced at RMB 2320/kg, down 0.9% week-on-week, up 123.1% year-on-year.
Cobalt powder was priced at RMB 580/kg, unchanged week-on-week, up 11.5% year-on-year.
70% ferrotungsten was priced at RMB 1,420,000/ton, unchanged week-on-week, up 118.5% year-on-year.
European ferrotungsten was priced at USD 304-320/kg W (equivalent to RMB 1.465-1.543 million/ton), up 4.9% week-on-week and 126.9% year-to-date.
Scrap tungsten rods were priced at RMB 1250/kg, down 3.9% week-on-week and up 108.3% year-to-date.
Scrap tungsten drill bits were priced at RMB 1230/kg, down 5.4% week-on-week and up 112.1% year-to-date.
Prices of Tungsten Products on March 20, 2026
Tungsten Price Trend from January 2025 to March 2026
