Analysis of Latest Tungsten Market from Chinatungsten Online
The tungsten market continues to face downward pressure, with price stabilization and recovery lacking substantial demand support.
Confidence in the tungsten raw material market remains weak, with a significant price gap still existing between the actual transaction negotiation focus and long-term contract quotes from enterprises. Cautious expectations of further price declines on the consumer side have led to delayed purchasing, resulting in a sluggish overall market atmosphere and continued downward pressure on prices.
The tungsten scrap market is currently in a stalemate. The sharp drop in prices since mid-to-late March has made recyclers more cautious, with a slightly stronger desire to stabilize the market. However, due to the continued weak sentiment in the raw material market, overall confidence in the scrap tungsten market remains limited, with both buyers and sellers generally operating cautiously, resulting in low transaction activity.
As of press time,
65% wolframite concentrate is priced at RMB 680,000/ton, down 35.2% from its high, but up 47.8% from the beginning of the year.
65% scheelite concentrate is priced at RMB 679,000/ton, down 35.3% from its high, but up 47.9% from the beginning of the year.
Ammonium paratungstate (APT) price is priced at RMB 1,020,000/ton, down 32.9% from its peak, but up 52.2% from the beginning of the year.
European APT is priced at USD 3,000-3,280/mtu (equivalent to RMB 1.807-1.976 million/ton), up 241.3% from the beginning of the year.
Tungsten powder is priced at RMB 1,870/kg, down 22.1% from its peak, but up 73.2% from the beginning of the year.
Tungsten carbide powder is priced at RMB 1,800/kg, down 23.1% from its peak, but up 73.1% 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 1,030,000/ton, down 27.5% from its peak, but up 58.5% from the beginning of the year.
European ferrotungsten is priced at USD 270-298/kg W (equivalent to RMB 1.287-1.42 million per ton), down 12.6% from their peak but up 106.6% year-to-date.
Scrap tungsten rods are priced at RMB 680/kg, down 50.4% from their peak but up 13.3% year-to-date.
Scrap tungsten drill bits are priced at RMB 630/kg, down 54.0% from their peak but up 8.6% year-to-date.
Prices of Tungsten Products on May 08, 2026
Tungsten Price Trend from January 2025 to May 2026
