Analysis of Latest Tungsten Market from Chinatungsten Online
The tungsten market continued its downward trend on Monday. According to China Tungsten Online, holders, driven by accumulated profits, maintained a stable willingness to sell, while buyers, influenced by cost pressures and a wait-and-see attitude, showed a significantly more cautious approach to purchasing. Large-scale restocking was limited in the short term, with market transactions mainly consisting of small orders and rigid demand. The tungsten market is currently in a sensitive phase of profit rebalancing and sentiment repricing, with prices slightly tilted towards a buyer's market.
Regarding future market trends, opinions within the industry are increasingly divided. One side believes that this round of adjustment is more of a rational correction to the previous rapid rise. Supported by macroeconomic policies and the strategic value of resources, the downside potential in the short term is limited, and there is potential demand for buying on dips, hence the reluctance to cash out at low prices. The other side worries that the continued downward trend will erode market confidence and liquidity. If demand does not show a significant recovery, panic selling could accelerate the price decline. Most market participants still prefer a cautious trading strategy based on their own financial strength and actual needs, emphasizing that upstream and downstream industries maintain rational and stable operations, avoid emotional speculation, and wait for further market clarity.
As of press time,
65% wolframite concentrate is priced at RMB 920,000/ton, down 12.4% from its peak, but up 100.0% year-to-date.
65% scheelite concentrate is priced at RMB 919,000/ton, down 12.4% from its peak, but up 100.2% year-to-date.
Ammonium paratungstate (APT) is priced at RMB 1,420,000/ton, down 6.6% from its peak, but up 111.9% year-to-date.
European APT is priced at USD 2,800-3,280/mtu (equivalent to RMB 1,692,000-1,982,000/ton), up 230.4% year-to-date.
Tungsten powder is priced at RMB 2,290/kg, down 4.6% from its peak, but up 112.0% year-to-date.
Tungsten carbide powder is priced at RMB 2,230/kg, down 4.7% from its peak, but up 114.4% year-to-date.
Cobalt powder is priced at RMB 580/kg, up 11.5% from the beginning of the year.
70% ferrotungsten is priced at RMB 1,330,000/ton, down 6.3% from its peak, but up 104.6% from the beginning of the year.
European ferrotungsten is priced at USD 310-330/kg W (equivalent to RMB 1.482-1.577 million/ton), up 132.7% from the beginning of the year.
Scrap tungsten rods are priced at RMB 940/kg, down 31.4% from its peak, but up 56.7% from the beginning of the year.
Scrap tungsten drill bits are priced at RMB 910/kg, down 33.6% from its peak, but up 56.9% from the beginning of the year.
Prices of Tungsten Products on April 9, 2026
Tungsten Price Trend from January 2025 to April 2026
