Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices continued their upward trend this week, driven by the scarcity of the resource, its strategic importance, and its irreplaceable role in certain sectors. This was also fueled by the complex international environment and the strong performance of commodities like gold, silver, and copper. These factors supported a tight supply side in the industry chain and bullish market sentiment.
It's worth noting that after a strong cycle with price fluctuations reaching up to 300% in nearly a year, the tungsten market is facing greater psychological challenges. On one hand, sellers are struggling to choose between holding onto their stock in anticipation of further price increases and taking profits; on the other hand, there is a delayed response from consumers due to fear of high prices. Furthermore, uncertainties exist regarding external environment and speculative capital volatility. Trading activity in the tungsten industry chain was cautious and subdued before the Spring Festival.
As of press time,
65% wolframite concentrate was priced at RMB 540,000/ton, up 17.4% from the beginning of the year.
65% scheelite concentrate was priced at RMB 539,000/ton, up 17.4% from the beginning of the year.
Ammonium paratungstate (APT) was priced at RMB 795,000/ton, up 18.7% from the beginning of the year.
European APT was priced at USD 987-1050/mtu (equivalent to RMB 608,000-647,000/ton), up 10.7% from the beginning of the year.
Tungsten powder was priced at RMB 1270/kg, up 17.6% from the beginning of the year.
Tungsten carbide powder was priced at RMB 1230/kg, up 18.3% from the beginning of the year.
Cobalt powder was priced at RMB 580/kg, up 11.5% from the beginning of the year.
70% ferrotungsten was priced at RMB 750,000/ton, up 15.4% from the beginning of the year.
European ferrotungsten was priced at USD 144-149/kg W (equivalent to RMB 702,000-726,000/ton), up 6.6% from the beginning of the year.
Scrap tungsten rods were priced at RMB 735/kg, up 22.5% from the beginning of the year.
Scrap tungsten drill bits were priced at RMB 710/kg, up 22.4% from the beginning of the year.
Prices of Tungsten Products on January. 23, 2026
Tungsten Price Trend from January 2025 to January 2026
