Analysis of Latest Tungsten Market from Chinatungsten Online
Domestic tungsten prices entered a consolidation phase this week after a slight upward shift. Trading volume at high price levels remained limited due to consumer resistance to high prices, cautious purchasing strategies, and the benchmark set by long-term contract quotes from major tungsten enterprises. Raw material suppliers, backed by sufficient capital, maintained a restrained sales pace to stabilize prices. Rationality prevailed among market participants during this initial consolidation period; the consensus is that rapid price surges or drops hinder healthy industry chain circulation, whereas a relatively stable price environment fosters active trading.
As a critical mineral resource, tungsten ore retains a basis for a price premium; suppliers show little willingness to sell at low prices, supported by their financial strength and steady market outlook. Pricing by tungsten chemical enterprises, such as those producing Ammonium Paratungstate (APT), is primarily guided by production costs and the long-term contract prices set by major firms. Users of tungsten powders, metals, and alloys are purchasing strictly on an as-needed basis; the earlier volatility in raw material prices eroded market confidence to some extent, prompting consumers to remain rational and replenish stocks only as required.
Trading prices in the recycling sector have been inconsistent, reflecting a divergence between short-term speculative sentiment (chasing gains or panic selling) and long-term value expectations. Some sellers insist on higher quotes due to high holding costs or confidence in long-term value—psychologically supported by the historical highs seen in March. Conversely, buyers capitalize on profit-taking and sell-offs to drive down prices, exerting greater bargaining pressure during periods of market panic. Recently, tungsten scrap prices have generally trended downward under pressure.
Some sellers are insisting on higher quotes due to high holding costs or confidence in long-term value, bolstered psychologically by the historical highs seen in March. Conversely, buyers are seizing opportunities to drive down prices by capitalizing on profit-taking and sell-offs by some sellers, exerting greater bargaining pressure during moments of market panic. Recently, tungsten scrap prices have generally trended downward under pressure. Tungsten products newly prices as followings.
65% wolframite concentrate price is RMB 525,000/ton, up 5.0% week-on-week and 14.1% since the start of the year.
65% scheelite concentrate price is RMB 524,000/ton, up 5.0% week-on-week and 14.2% since the start of the year.
Ammonium Paratungstate (APT) price is RMB 800,000/ton, up 3.9% week-on-week and 19.4% since the start of the year.
European APT price is USD 2,900–3,180/mtu (equivalent to RMB 1.741–1.909 million/ton), remaining flat week-on-week and up 230.4% since the start of the year.
Tungsten powder price is RMB 1,280/kg, up 6.7% week-on-week and 18.5% since the start of the year.
Tungsten carbide powder price is RMB 1,230/kg, up 7.0% week-on-week and 18.3% since the start of the year.
Cobalt powder price is RMB 540/kg, down 1.8% week-on-week and up 3.9% since the start of the year.
70% ferrotungsten price is RMB 780,000/ton, up 2.6% week-on-week and 20.0% since the start of the year.
European ferrotungsten price is USD 200–230 USD/kg W (equivalent to RMB 950,000–1,092,000/ton), down 4.4% week-on-week and up 56.4% since the start of the year.
Scrap tungsten carbide rod price is RMB 780/kg, up 1.3% week-on-week and 30.0% since the start of the year.
Scrap tungsten carbide drill bit price is RMB 730/kg, up 1.4% week-on-week and 25.9% since the start of the year.
Prices of Tungsten Products on June 12, 2026
Tungsten Price Trend from January 2025 to June2026
