Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices remained generally stable. Fluctuations in the tungsten raw material market slowed, and downstream inquiries increased, but actual transaction volume remained limited. Buyers remained hesitant, with a wait-and-see attitude dominating.
Both mining and smelting sectors showed increased willingness to bottom out, and shipments returned to a more rational pace. Powders’ price continued to fluctuate, mainly following the previous cost correction. As upstream sentiment stabilized, the market bottom began to emerge. However, downstream market sentiment had not yet recovered, with insufficient willingness to actively replenish inventory. Purchases were based on rigid demand, limiting market circulation.
China Tungsten Online believes that the current tungsten industry chain is characterized by both upstream bottoming intentions and downstream wait-and-see sentiment. In the short term, prices will likely continue to fluctuate within a range, awaiting specific consumer entry signals. Tungsten products newly prices as followings.
65% wolframite concentrate: RMB 410,000/ton, down 61.0% from its peak and 10.9% from the beginning of the year.
65% scheelite concentrate: RMB 409,000/ton, down 61.0% from its peak and 10.9% in 2026.
Ammonium paratungstate (APT): RMB 660,000/ton, down 56.6% from its peak and 1.5% in 2026.
European APT: USD 3,000-3,140/mtu (equivalent to RMB 1.801-1.885 million/ton), down 2.2% from its peak but up 233.7% in 2026.
Tungsten powder: RMB 1,050/kg, down 56.3% from its peak and 2.8% in 2026.
Tungsten carbide powder: RMB 1,000/kg, down 57.3% from its peak and 3.9% in 2026.
Cobalt powder: RMB 565/kg, down 2.6% from its peak, but up 8.7% in 2026.
70% ferrotungsten: RMB 700,000/ton, down 50.7% from its peak, but up 7.7% in 2026.
European ferrotungsten: USD 255-257.5/kg W (equivalent to RMB 1.211-1.223 million/ton), down 21.2% from its peak, but up 86.4% in 2026.
Scrap tungsten carbide rod: RMB 630/kg, down 54.0% from its peak, but up 5.0% in 2026.
Scrap tungsten carbide drill bit: RMB 580/kg, down 57.7% from its peak, unchanged from the beginning of the year.
Prices of Tungsten Products on May 27, 2026
Tungsten Price Trend from January 2025 to May 2026
