Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices continued their downward trend, with insufficient support from the consumption side and a generally weak trading atmosphere.
In the tungsten concentrate market, based on actual ore mining costs, current sluggish market sentiment, and localized price concessions to cash out, tungsten raw material prices remain in a downward phase.
65% wolframite concentrate was priced at RMB 550,000/ton, down 47.6% from its high, but up 19.6% from the beginning of the year.
65% scheelite concentrate was priced at RMB 549,000/ton, down 47.7% from its high, but up 19.6% from the beginning of the year.
In the ammonium paratungstate (APT) market, the current domestic market atmosphere is sluggish due to weakening support from both cost and sentiment factors.
Domestic APT was priced at RMB 870,000/ton, down 42.8% from its high, but up 29.9% from the beginning of the year.
European APT was priced at USD3000-3280/mtu (equivalent to RMB 1.802-1.971 million/ton), up 241.3% from the beginning of the year.
In the tungsten powder market, downstream end-users' restocking intentions beyond immediate needs are weak, resulting in a lack of bulk orders and continued pressure on market confidence, leading to recent price weakness.
Tungsten powder was priced at RMB 1670/kg, down 30.4% from their high, but up 54.6% from the beginning of the year.
Tungsten carbide powder was priced at RMB 1600/kg, down 31.6% from their high, but up 53.9% from the beginning of the year.
Cobalt powder was priced at RMB 570/kg, down 1.7% from their high, but up 9.6% from the beginning of the year.
In the ferrotungsten market, affected by the weakening of upstream industries, downstream demand has decreased, resulting in sluggish market trading and a price decline.
70% ferrotungsten was priced at RMB 900,000/ton, down 36.6% from its peak, but up 38.5% from the beginning of the year.
European ferrotungsten was priced at USD 270-290/kg W (equivalent to RMB 1.283-1.378 million/ton), down 13.9% from its peak, but up 103.6% from the beginning of the year.
In the tungsten waste and scrap market, after a brief bottoming out and rebound, the market's confidence in pricing has wavered again due to the sluggish raw material market, leading to cautious buying and selling.
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 14, 2026
Tungsten Price Trend from January 2025 to May 2026
