Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices continue to trade under downward pressure, primarily due to three factors: increased supply, contracting demand, and limited funding. In the current market environment, the strategic resource premium of tungsten has narrowed, and market pricing is now more driven by the fundamental supply and demand situation and market sentiment.
On the supply side, some holders are releasing inventory due to cash flow pressures and profit-taking, leading to an increase in circulating supply. On the demand side, downstream end-users generally hold bearish expectations and exhibit risk aversion, resulting in delayed or reduced purchase orders, further suppressing consumer support.
Currently, the tungsten market is experiencing a generally quiet trading atmosphere, with significant bid-ask spreads and low transaction activity. The market outlook will focus on substantial marginal adjustments in supply and demand and the quotations from major tungsten companies in the second half of the month.
As of press time,
65% wolframite concentrate is priced at RMB 440,000/ton, down 58.1% from its high and 4.4% from the beginning of the year.
65% scheelite concentrate is priced at RMB 439,000/ton, down 58.2% from its high and 4.4% from the beginning of the year.
Ammonium paratungstate (APT) is priced at RMB 680,000/ton, down 55.3% from its peak, but up 1.5% from the beginning of the year.
European APT is priced at USD 3,000-3,280/mtu (equivalent to RMB 1.809-1.978 million/ton), up 241.3% from the beginning of the year.
Tungsten powder is priced at RMB 1,450/kg, down 39.6% from its peak, but up 34.3% from the beginning of the year.
Tungsten carbide powder is priced at RMB 1,380/kg, down 41.0% from its peak, but up 32.7% from the beginning of the year.
Cobalt powder is priced at RMB 570/kg, down 1.7% from its peak, but up 9.6% from the beginning of the year.
70% ferrotungsten is priced at RMB 780,000/ton, down 45.1% from its peak, but up 20.0% from the beginning of the year.
European ferrotungsten is priced at USD 265-275/kg W (equivalent to RMB 1.264-1.312 million per ton), down 14.6% from their peak but up 96.4% since the beginning of the year.
Scrap tungsten rods are priced at RMB 650/kg, down 52.6% from their peak but up 8.3% since the beginning of the year.
Scrap tungsten drill bits are priced at RMB 600/kg, down 56.2% from their peak but up 3.5% since the beginning of the year.
Prices of Tungsten Products on May 19, 2026
Tungsten Price Trend from January 2025 to May 2026
