Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices remain in a downward trend, primarily due to profit-taking by sellers and cautious buying by buyers, exacerbating the supply-demand mismatch and sluggish trading.
On the supply side, profits accumulated during previous price increases are being sold off more rapidly during the price decline, leading to a looser spot supply. On the demand side, downstream end-users, such as those in the cemented carbide sector, are generally postponing purchases and reducing their standing inventories during the price downtrend, further contracting demand elasticity. Although several representative tungsten companies in Jiangxi have announced long-term raw material price contracts, signaling a desire for price stability, fundamental pressures and pessimistic sentiment persist, resulting in a generally weak trading atmosphere and low liquidity. The key to future market stabilization lies in the actual restocking situation in sectors such as cemented carbide.
As of press time,
65% wolframite concentrate price: RMB 885,000/ton, down 15.7% from its peak, but up 92.4% from the beginning of the year.
65% scheelite concentrate price: RMB 884,000/ton, down 15.7% from its peak, but up 92.6% from the beginning of the year.
Ammonium paratungstate (APT) price: RMB 1,370,000/ton, down 9.9% from its peak, but up 104.5% from the beginning of the year.
European APT price: USD 2800-3289/mtu (equivalent to RMB 1.69-1.985 million/ton), up 230.9% from the beginning of the year.
Tungsten powder price: RMB 2210/kg, down 7.9% from its peak, but up 104.6% from the beginning of the year.
Tungsten carbide powder price: RMB 2150/kg, down 8.1% from its peak, but up 106.7% from the beginning of the year.
Cobalt powder price: RMB 575/kg, down 0.9% from its peak, but up 10.6% from the beginning of the year.
70% ferrotungsten price: RMB 1,270,000/ton, down 10.6% from its peak, but up 95.4% from the beginning of the year.
European ferrotungsten price: USD 289-310/kg W (equivalent to RMB 1.38-1.48 million/ton), down 7.9% from their peak but up 117.8% from the beginning of the year.
Scrap tungsten rods prices: RMB 910/kg, down 33.6% from their peak but up 51.7% from the beginning of the year.
Scrap tungsten drill bits prices: RMB 880/kg, down 35.8% from their peak but up 51.7% from the beginning of the year.
Prices of Tungsten Products on April 21, 2026
Tungsten Price Trend from January 2025 to April 2026
