Analysis of Latest Tungsten Market from Chinatungsten Online
This week, tungsten prices trended downwards overall, with sluggish market transactions and a stalemate between supply and demand. The substantial profits accumulated from the previous sustained price increases led to concentrated profit-taking on the supply side, with some holders choosing to sell at lower prices, resulting in a divergence among sellers. Simultaneously, buyers' willingness to purchase significantly contracted during the price decline, with a wait-and-see attitude dominating, shifting the bargaining power towards the demand side.
The current tungsten market is in a state of flux, caught between long-term logic and short-term sentiment. In the medium to long term, against the backdrop of international geopolitical tensions and the lack of significant increases in domestic and international mine production, the fundamental factors such as the tight global supply-demand balance and the strengthening of tungsten's strategic resource attributes have not fundamentally changed. However, in the short term, panic selling and pressure to recoup funds have intertwined, leading to a chaotic pricing system and significant differences in market expectations between buyers and sellers, resulting in wide price fluctuations. Some participants are eager to reduce inventory, while others resist selling at discounted prices due to long-term value considerations, further amplifying the confusion in price signals. Coupled with poor information transmission and a pervasive wait-and-see atmosphere, market liquidity has clearly tightened. This disordered state caused by the misalignment of long-term and short-term logic has significantly increased the difficulty of decision-making for market participants. Tungsten prices are expected to remain weak in the short term, awaiting signals of demand release or supply tightening.
As of press time:
65% wolframite concentrate price: RMB 860,000/standard ton, down 4.4% week-on-week, up 87.0% year-to-date.
65% scheelite concentrate price: RMB 859,000/standard ton, down 4.5% week-on-week, up 87.2% year-to-date.
Ammonium paratungstate (APT) price: RMB 1,340,000/ton, down 3.6% week-on-week, up 100.00% year-to-date.
European APT price: USD 2,800-3,289/mtu (equivalent to RMB 1.694-1.99 million/ton), up 0.2% week-on-week, up 230.9% year-to-date.
Tungsten powder price: RMB 2,130/kg, down 4.1% week-on-week, up 97.2% year-to-date.
Tungsten carbide powder price: RMB 2060/kg, down 4.6% week-on-week, up 98.1% year-on-year.
Cobalt powder price: RMB 575/kg, unchanged week-on-week, up 10.6% year-on-year.
70% ferrotungsten price: RMB 1,240,000/ton, down 3.1% week-on-week, up 90.8% year-on-year.
European ferrotungsten price: USD 290-305/kg W (equivalent to RMB 1.388-1.459 million/ton), down 4.8% week-on-week, up 116.4% year-on-year.
Scrap tungsten rods price: RMB 860/kg, down 5.5% week-on-week, up 43.3% year-on-year.
Scrap tungsten drill bits price: RMB 830/kg, down 5.7% week-on-week, up 43.1% year-on-year.
Prices of Tungsten Products on April 24, 2026
Tungsten Price Trend from January 2025 to April 2026
