Analysis of Latest Tungsten Market from Chinatungsten Online
On Monday, the tungsten market remained in a state of sluggish stagnation. Market participants primarily engaged in "as-needed" purchasing, with a wait-and-see attitude prevailing; trading activity remained low, and liquidity was poor.
On the supply side, holders facing inventory losses—as well as those with sufficient capital and optimism regarding future profit margins—showed a strong reluctance to sell at low prices. Conversely, some merchants facing cash flow pressures or holding cautious views on supply-demand prospects chose to cash out moderately to recoup funds. The lack of a unified effort on the supply side to prop up prices placed downward pressure on actual transaction prices; however, a price floor remained, and there was no widespread panic.
On the demand side, downstream end-users generally maintained a cautious purchasing stance and showed little enthusiasm for active restocking. While the market saw a certain level of inquiry activity, the conversion rate into actual transactions remained limited. Orders were dominated by immediate needs and "back-to-back" trading, meaning short-term support for prices from the consumption side was limited. Tungsten and cobalt products newly prices as followings.
65% Wolframite Concentrate Price: RMB 500,000/ton, down 52.4% from its peak, up 8.7% since the beginning of the year.
65% Scheelite Concentrate Price: RMB 499,000/ton, down 52.4% from its peak, up 8.7% in 2026.
Ammonium Paratungstate (APT) Price: RMB 740,000/ton, down 51.3% from its peak, up 10.5% in 2026.
European APT Price: USD 2,900-3,250 /mtu (equivalent to RMB 1.745-1.956 million/ton), down 2.1% from its peak, up 234.2% in 2026.
Tungsten Powder Price: RMB 1,200/kg, down 50.0% from its peak, up 11.1% in 2026.
Tungsten Carbide Powder Price: RMB 1,150/kg, down 50.9% from its peak, up 10.6% in 2026.
Cobalt Powder Price: RMB 510/kg, down 12.1% from the year's high, down 1.9% in 2026.
70% Ferrotungsten Price: RMB 760,000/ton, down 46.5% from its peak, up 16.9% in 2026.
European Ferrotungsten Price: USD 200-225/kg W (equivalent to RMB 952,000-1,071,000/ton), down 34.6% from its peak, up 54.6% in 2026.
Tungsten Scrap Carbide Rod Price: RMB 700/kg, down 48.9% from its peak, up 16.7% in 2026.
Prices of Tungsten Products on June 29, 2026
Tungsten Price Trend from January 2025 to June 2026
