Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices continued to be under pressure. Selling pressure triggered by a pullback in speculative sentiment and profit-taking has eased temporarily, with sellers showing limited willingness to offer lower prices. However, downstream buyers remain cautious and inclined to push for lower prices, limiting overall market activity.
In the tungsten concentrate market, stricter regulations on domestic mining and trading, coupled with limited new capacity from overseas mining projects, provide some support on the supply side. However, profit-taking after previous price increases continues, and downstream price pressure is also weighing on the market.
65% wolframite concentrate is priced at RMB 910,000/ton, down 13.3% from its high, but up 97.8% from the beginning of the year.
65% scheelite concentrate is priced at RMB 909,000/ton, down 13.4% from its high, but up 98.0% from the beginning of the year.
In the ammonium paratungstate market, pricing is mainly based on tungsten ore costs and the liquidity of the industry chain. The current supply-demand stalemate remains unchanged, with prices showing a downward trend, and most transactions are executed on long-term contracts.
Domestic APT is priced at RMB 1,400,000/ton, down 7.9% from its peak, but up 109.0% from the beginning of the year.
European APT is priced at USD 2,800-3,280/mtu (equivalent to RMB 1.69-1.98 million/ton), up 230.4% from the beginning of the year.
In the tungsten powder market, affected by fluctuations in raw material costs and cautious purchasing sentiment among downstream users, prices were in a short-term downward trend. However, considering the instability of supply and the lag in cost transmission, the price adjustment was relatively rational, and overall market liquidity was limited.
Tungsten powder is priced at RMB 2,260/kg, down 5.8% from its peak, but up 109.3% from the beginning of the year.
Tungsten carbide powder is priced at RMB 2,200/kg, down 6.0% from its peak, but up 111.5% from the beginning of the year.
Cobalt powder is priced at RMB 575/kg, down 0.9% from its peak, but up 10.6% from the beginning of the year.
In the ferrotungsten market, cost support is easing marginally, downstream steel mills are adopting cautious purchasing strategies, and market conditions are under pressure. Trading is mainly driven by rigid demand.
70% ferrotungsten is priced at RMB 1,310,000/ton, down 7.8% from its high, but up 101.5% from the beginning of the year.
European ferrotungsten is priced at USD 310-330/kg W (equivalent to RMB 1.48-1.575 million/ton), up 132.7% from the beginning of the year.
In the tungsten waste and scrap market, sentiment is easily affected by news. Recycling willingness has slightly increased today, but holders are limited in their willingness to sell at lower prices, resulting in a relatively stagnant market.
Scrap tungsten rods are priced at RMB 910/kg, down 33.6% from its high, but up 51.7% from the beginning of the year.
Scrap tungsten drill bits are priced at RMB 880/kg, down 35.8% from its high, but up 51.7% from the beginning of the year.
Prices of Tungsten Products on April 15, 2026
Tungsten Price Trend from January 2025 to April 2026
