Unlike the overall stable virgin tungsten market, the tungsten waste and scrap market experienced a slight correction due to market sentiment. For scrap tungsten varieties that had previously seen significant price increases, the support for high-priced transactions weakened after raw material prices temporarily stabilized. Some low-cost holders chose to take profits, leading to a softening of market quotations. Some holders who held stock at high prices in the first quarter are still reluctant to sell. Downstream enterprises' enthusiasm for purchasing scrap materials was dampened by market fluctuations and tax invoice policies, leading to a slowdown in overall market liquidity.
According to data from China Tungsten Online, on June 11, 2026, the price of tungsten scrap rods stood at 810 yuan/kg—down 40.9% from its peak but up 35.0% since the beginning of the year. The price of tungsten scrap drill bits was 760 yuan/kg—down 44.5% from its peak but up 31.0% since the start of the year.
