According to data from the General Administration of Customs, from January to March 2026, China’s tungsten product exports totaled 2,008 tons, a decrease of 21.9% year-on-year; the export value totaled RMB 1.740 billion, an increase of 115.2% year-on-year. In March alone, tungsten product exports amounted to 661 tons, an increase of 31.6% year-on-year; the export value was RMB 711 million, an increase of 306.2% year-on-year. This suggests that the average export price of tungsten products in the first quarter and in March this year significantly increased year-on-year.
Ammonium metatungstate images from CTIA GROUP
According to CTIA GROUP’s official WeChat account, the tungsten market in China showed an overall firm upward trend in the first quarter of 2026, primarily due to factors such as continued tight supply of raw materials, resilient downstream demand, and optimistic market expectations regarding the strategic importance of tungsten. By March, the tungsten market exhibited a trend of rising followed by a decline. According to CTIA GROUP’s statistics, from January to March 2026, the average price of 65% black tungsten concentrate was RMB 741,200/ton, a month-on-month increase of 117.86%, and a year-on-year increase of 416.73%; the average price of 65% white tungsten concentrate was RMB 739,900/ton, a month-on-month increase of 118.12%, and a year-on-year increase of 419.45%; the average price of ammonium paratungstate (APT) was RMB 1,090,200/ton, a month-on-month increase of 117.55%, and a year-on-year increase of 416.14%; the average price of tungsten powder was RMB 1,755.52/kg, a month-on-month increase of 121.60%, and a year-on-year increase of 454.61%; the average price of tungsten carbide powder was RMB 1,704.14/kg, a month-on-month increase of 122.52%, and a year-on-year increase of 447.02%; the average price of 70% tungsten iron was RMB 1,029,400/ton, a month-on-month increase of 119.27%, and a year-on-year increase of 374.45%; the average price of tungsten bars was RMB 1,832.76/kg, a month-on-month increase of 119.19%, and a year-on-year increase of 392.24%; the average price of scrap tungsten bar stock was RMB 959.40/kg, a month-on-month increase of 93.89%, and a year-on-year increase of 335.52%; the average price of scrap tungsten drill bits was RMB 937.93/kg, a month-on-month increase of 100.11%, and a year-on-year increase of 313.19%.
Tungsten trioxide images from CTIA GROUP
According to CTIA GROUP’s statistics, in March 2026, the average price of 65% black tungsten concentrate was RMB 986,100/ton, a month-on-month increase of 41.15%, and a year-on-year increase of 599.86%; the average price of 65% white tungsten concentrate was RMB 984,700/ton, a month-on-month increase of 41.14%, and a year-on-year increase of 603.82%; the average price of ammonium paratungstate (APT) was RMB 1,446,800/ton, a month-on-month increase of 40.01%, and a year-on-year increase of 594.00%; the average price of tungsten powder was RMB 2,294.55/kg, a month-on-month increase of 34.66%, and a year-on-year increase of 632.76%; the average price of tungsten carbide powder was RMB 2,234.55/kg, a month-on-month increase of 35.21%, and a year-on-year increase of 625.17%; the average price of 70% tungsten iron was RMB 1,368,600/ton, a month-on-month increase of 41.00%, and a year-on-year increase of 533.21%; the average price of tungsten bars was RMB 2,374.55/kg, a month-on-month increase of 33.10%, and a year-on-year increase of 540.54%; the average price of scrap tungsten bar stock was RMB 1,234.09/kg, a month-on-month increase of 36.62%, and a year-on-year increase of 465.97%; the average price of scrap tungsten drill bits was RMB 1,219.09/kg, a month-on-month increase of 39.80%, and a year-on-year increase of 446.55%.
