Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices continued their upward trend, primarily driven by increased reluctance among holders to sell at lower prices and increased restocking inquiries from downstream buyers. Market prices rose, and transaction activity recovered somewhat compared to the previous period. However, overall market circulation remains primarily driven by immediate demand, with no large-scale centralized procurement yet. A bargaining atmosphere persists between buyers and sellers, limiting the pace of price fluctuations.
As of press time,
65% wolframite concentrate: RMB 440,000/ton, down 58.1% from its peak and 4.4% year-to-date.
65% scheelite concentrate: RMB 439,000/ton, down 58.2% from its peak and 4.4% year-to-date.
Ammonium paratungstate (APT): RMB 720,000/ton, down 52.6% from its peak but up 7.5% year-to-date.
European APT: USD 2,900-3,180/mtu (equivalent to RMB 1.736-1.903 million/ton), down 3.2% from its peak, but up 230.4% year-to-date.
Tungsten powder: RMB 1100/kg, down 54.2% from its peak, but up 1.9% year-to-date.
Tungsten carbide powder: RMB 1060/kg, down 54.7% from its peak, but up 1.9% year-to-date.
Cobalt powder: RMB 560/kg, down 3.5% from its high, but up 7.7% year-to-date.
70% ferrotungsten: RMB 720,000/ton, down 49.3% from its peak, but up 10.8% year-to-date.
European ferrotungsten: USD 210-250/kg W (equivalent to RMB 994,000-1.184 million/ton), down 29.2% from its peak, but up 67.3% year-to-date.
Scrap tungsten carbide rod: RMB 720/kg, down 47.5% from its peak, but up 20.0% in 2026.
Scrap tungsten carbide drill bit: RMB 670/kg, down 51.1% from its peak, but up 15.5% year-to-date.
Prices of Tungsten Products on June 2, 2026
Tungsten Price Trend from January 2025 to June 2026
