Analysis of Latest Tungsten Market from Chinatungsten Online
Domestic tungsten prices generally trended downwards this week, influenced by increased supplier willingness to ship, improved buyer bargaining power, and a reluctance to buy during the market downturn. According to China Tungsten Online, new orders in the tungsten market are currently scarce, with a strong wait-and-see attitude prevailing. Industry players are focused on the announcement of long-term contract prices for the second half of the month by several large tungsten companies in Jiangxi and Guangdong.
In the tungsten scrap market, after the concentrated selling pressure of the previous period, market sentiment is gradually returning to rationality. Coupled with the relatively firm purchase prices of black tungsten concentrate by large tungsten companies yesterday, the price difference between high and low in the scrap tungsten market has narrowed, with a slight rebound at the lower end of the range. However, due to differing confidence between buyers and sellers, overall market activity still needs improvement.
International tungsten prices for different varieties show divergent trends. According to China Tungsten Online analysis, regarding ammonium paratungstate (APT), the price dynamics between domestic and international markets differ due to China's export control policies: the domestic market has recently faced downward pressure due to weakened raw material cost support and a temporary mismatch between supply and demand; while the international market remains firm at high levels due to unresolved supply shortages. Regarding ferrotungsten, given China's advantages in tungsten resources and its status as a major steel producer, China is a major exporter and consumer in the global ferrotungsten trade. Therefore, international ferrotungsten prices are highly correlated with domestic market conditions, and have recently declined following adjustments in the domestic market.
As of press time:
65% wolframite concentrate is priced at RMB 900,000/ton, down 3.2% week-on-week, but up 95.7% year-to-date.
65% scheelite concentrate is priced at RMB 899,000/ton, down 3.2% week-on-week, but up 95.8% year-to-date.
Ammonium paratungstate (APT) is priced at RMB 1,390,000/ton, down 2.8% week-on-week, but up 107.5% year-to-date.
European APT is priced at USD 2,800-3,280/mtu (equivalent to RMB 1.69-1.98 million/ton), up 1.5% week-on-week, and up 230.4% year-to-date.
Tungsten powder is priced at RMB 2220/kg, down 3.5% week-on-week, up 105.6% year-on-year.
Tungsten carbide powder is priced at RMB 2160/kg, down 3.6% week-on-week, up 107.7% year-on-year.
Cobalt powder is priced at RMB 575/kg, down 0.9% week-on-week, up 10.6% year-on-year.
70% ferrotungsten is priced at RMB 1,280,000/ton, down 3.8% week-on-week, up 96.9% year-on-year.
European ferrotungsten is priced at USD 305-320/kg W (equivalent to RMB 1.456-1.528 million/ton), down 2.3% week-on-week, up 127.3% year-on-year.
Scrap tungsten rods are priced at RMB 910/kg, down 7.1% week-on-week, up 51.7% year-on-year.
Scrap tungsten drill bits are priced at RMB 880/kg, down 8.3% week-on-week, but up 51.7% year-on-year.
Prices of Tungsten Products on April 17, 2026
Tungsten Price Trend from January 2025 to April 2026
