Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten Concentrate Market: Limited Supply and Firm Price - June 11, 2026
APT Price Stabilizes at High Levels - June 11, 2026
Tungsten Powder Market Remains Cautious - June 11, 2026
Tungsten Waste and Scrap: High Market Volatility – June 11, 2026
High-Tech Tungsten Products Industry Has Been Restructuring
The long-term contract prices of major tungsten enterprises in the first half of June were basically in line with the current market situation, reflecting the leading companies in the industry chain's acceptance of the current price level and stabilizing market expectations to some extent. The current tungsten market has gradually transitioned from a sentiment-driven phase after the rapid price increases to a phase of supply and demand rebalancing and rational competition. Mines' control of supply rhythm continues to support prices, midstream companies are operating with stable prices and controlling risks, downstream companies are gradually resuming their purchasing pace amidst price stability, and the scrap tungsten market has seen localized price corrections due to sentiment adjustment.
Meanwhile, the industrial influence brought about by China's advantages in key mineral resources is becoming increasingly apparent. Resource control is gradually evolving from a traditional cost advantage to a supply chain bargaining power advantage, profoundly impacting the procurement logic and industrial layout of global high-end manufacturing. For Chinese companies, this not only means temporary gains during price cycles, but also a significant historical opportunity to upgrade from resource export to technology export, and from scale advantage to comprehensive competitive advantage.
In the short term, tungsten industry chain prices are likely to remain stable at high levels, allowing time to create space and exchange gains for consensus. In the medium to long term, as inventories are gradually depleted, end-user demand continues to be released, and the global supply chain restructuring deepens, my country's tungsten industry is expected to achieve enhanced value and further strengthen its international influence in the new round of competitive landscape adjustments. 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 11, 2026
Tungsten Price Trend from January 2025 to June 2026
