Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices continued their downward trend, with upstream and downstream players in the industry chain generally adopting a cautious wait-and-see approach, resulting in a sluggish market.
Yesterday, a listed tungsten company in Guangdong adjusted its long-term contract pricing to market negotiation, meaning prices and contracts will be negotiated and signed based on real-time market conditions. This adjustment reflects the price difference between long-term contract prices and actual transaction prices, highlighting the cautious attitude of downstream consumers.
The tungsten raw material market is characterized by divergent sentiment. Affected by profit-taking or cash flow pressures, temporary supply pressure remains. Consumers continue to remain cautious, focusing on immediate needs. The market lacks strong buying support, putting downward pressure on prices.
In contrast, the scrap tungsten market has seen a slight increase in activity, with prices showing an upward trend. Some traders are selling to mitigate risk, while others are replenishing their stocks at lower prices. However, constrained by the overall poor sentiment in the raw material market and the fact that the actual supply and demand balance has not yet recovered, current operations remain focused on quick in-and-out transactions to avoid risk.
As of press time,
65% wolframite concentrate was priced at RMB 630,000/ton, down 40.0% from its peak, but up 37.0% since the beginning of the year.
65% scheelite concentrate was priced at RMB 629,000/ton, down 40.0% from its peak, but up 37.0% since the beginning of the year.
Ammonium paratungstate (APT) was priced at RMB 970,000/ton, down 36.2% from its peak, but up 44.8% since the beginning of the year.
European APT was priced at USD 3,000-3,280/mtu (equivalent to RMB 1.805-1.973 million/ton), up 241.3% since the beginning of the year.
Tungsten powder was priced at RMB 1,750/kg, down 27.1% from its peak, but up 62.0% since the beginning of the year.
Tungsten carbide powder was priced at RMB 1,680/kg, down 28.2% from its peak, but up 61.5% since the beginning of the year.
Cobalt powder price was priced at RMB 570/kg, down 1.7% from its peak, but up 9.6% from the beginning of the year.
70% ferrotungsten was priced at RMB 970,000/ton, down 31.7% from its peak, but up 49.2% from the beginning of the year.
European ferrotungsten was priced at USD 270-290/kg W (equivalent to 1.285-1.38 million/ton), down 13.9% from its peak, but up 103.6% from the beginning of the year.
Scrap tungsten rods were priced at RMB 730/kg, down 46.7% from its peak, but up 21.7% from the beginning of the year.
Scrap tungsten drill bits were priced at RMB 680/kg, down 50.4% from its peak, but up 17.2% from the beginning of the year.
Prices of Tungsten Products on May 12, 2026
Tungsten Price Trend from January 2025 to May 2026
