Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices continue to weaken, with an overall bearish market sentiment. Since the second half of March, tungsten raw material prices have fallen by 15%-30%, while tungsten scrap prices have dropped by over 50%.
This round of tungsten price declines stems from a cooling of sentiment following a sustained unilateral price increase and marginal changes in supply and demand. On the one hand, supply-side inventory release pressure is evident. Although tungsten ore supply remains constrained by quota controls, environmental inspections, and compliance regulations, concentrated profit-taking has created panic selling and downward pressure, resulting in relatively ample market supply and weak price performance. On the other hand, demand-side consumption willingness has weakened. With speculative sentiment declining and the mentality of "not buying when prices are low" taking hold, traders and downstream end-users have generally slowed their restocking pace, leading to scarce new orders and further suppressing negotiated prices.
Currently, resource liquidity and capital flow in the tungsten market are relatively slow, with cautious and somewhat divergent sentiments among various parties. Industry insiders generally believe that in the absence of significant release of rigid demand or other substantial positive news, tungsten prices will remain in a downward cycle in the short term.
As of press time,
65% wolframite concentrate is priced at RMB 750,000/ton, down 28.6% from its peak, but up 63.0% from the beginning of the year.
65% scheelite concentrate is priced at RMB 749,000/ton, down 28.6% from its peak, but up 63.2% from the beginning of the year.
Ammonium paratungstate (APT) is priced at RMB 1,180,000/ton, down 22.4% from its peak, but up 76.1% from the beginning of the year.
European APT is priced at USD 2,800-3,320/mtu (equivalent to RMB 1.692-2.006 million/ton), up 232.6% from the beginning of the year.
Tungsten powder is priced at RMB 2,000/kg, down 16.7% from its peak, but up 85.2% from the beginning of the year.
Tungsten carbide powder is priced at RMB 1,930/kg, down 17.5% from its peak, but up 85.6% 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.
70% ferrotungsten is priced at RMB 1,100,000/ton, down 22.5% from its peak, but up 69.2% from the beginning of the year.
European ferrotungsten is priced at USD 290-305/kg W (equivalent to RMB 1.386-1.458 million/ton), down 8.5% from its peak, but up 116.4% from the beginning of the year.
Scrap tungsten rods are priced at RMB 680/kg, down 50.4% from its peak, but up 13.3% from the beginning of the year.
Scrap tungsten drill bits are priced at RMB 630/kg, down 54.0% from its peak, but up 8.6% from the beginning of the year.
Prices of Tungsten Products on April 29, 2026
Tungsten Price Trend from January 2025 to April 2026
