In the first quarter of 2026, the Chinese tungsten market showed a firm upward trend overall. Among them, the average price of 65% black tungsten concentrate was RMB 741,200/ton, an increase of 416.73% year-on-year; the average price of ammonium paratungstate was RMB 1,090,200/ton, an increase of 416.14% year-on-year; the average price of tungsten powder was RMB 1,755.52/kg, an increase of 454.61% year-on-year; and the average price of tungsten scrap bars was RMB 959.40/kg, an increase of 335.52% year-on-year.

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