Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices remained generally stable, with some divergence in sentiment across the industry chain. The market was mainly supported by costs and a tight supply-demand balance, while transactions were suppressed by differing expectations between buyers and sellers and a temporarily slowed supply-demand pace.
Currently, mines and smelters are maintaining tight supply and firm prices. Recently, higher-than-expected tungsten concentrate tender prices boosted market sentiment. Powder metallurgy companies continued their cautious, on-demand purchasing, concerned about being trapped at high prices while also fearing missing out on potential gains. The tungsten scrap market saw increased profit-taking, resulting in a relatively cautious buying atmosphere.
China Tungsten Online believes that the tungsten market will remain relatively stable in the short term, supported by cost and supply-demand fundamentals. Further increases in transactions require clearer catalysts. Tungsten products newly prices as followings.
65% wolframite concentrate price: RMB 525,000/ton, down 50.0% from its peak, but up 14.1% from the beginning of the year.
65% scheelite concentrate price: RMB 524,000/ton, down 50.1% from its peak, but up 14.2% in 2026.
Ammonium paratungstate (APT) price: RMB 800,000/ton, down 47.4% from its peak, up 19.4% in 2026.
European APT price: USD 2,900-3,180/mtu (equivalent to RMB 1.741-1.909 million/ton), down 3.2% from its peak, up 230.4% in 2026.
Tungsten powder price: RMB 1,280/kg, down 46.7% from its peak, up 18.5% in 2026.
Tungsten carbide powder price: RMB 1,230/kg, down 47.4% from its peak, up 18.3% in 2026.
Cobalt powder price: RMB 540/kg, down 6.9% from its high this year, up 3.9% in 2026.
70% ferrotungsten price: RMB 780,000/ton, down 45.1% from its peak, up 20.0% in 2026.
European ferrotungsten price: USD 200-230/kg W (equivalent to RMB 950,000-1,092,000/ton), down 33.9% from its peak but up 56.4% in 2026.
Scrap tungsten carbide rod price: RMB 810/kg, down 40.9% from its peak but up 35.0% in 2026.
Scrap tungsten carbide drill bit price: RMB 760/kg, down 44.5% from its peak but up 31.0% in 2026.
Prices of Tungsten Products on June 10, 2026
Tungsten Price Trend from January 2025 to June 2026
