Analysis of Latest Tungsten Market from Chinatungsten Online
Happy New Year 2026!
The tungsten market is currently operating stably. After a significant increase of over 220% in 2025 and a narrow adjustment at the end of the year, the tungsten raw material market is generally cautiously stabilizing, with market participants generally observing the first round of quotations from industry institutions and large enterprises for the new year. The tungsten scrap market has gradually stabilized amidst the year-end fluctuations and corrections, with slight price increases appearing in some regions, indicating a clear game between buyers and sellers.
The cobalt market is performing strongly. The cobalt export quota management system implemented by the Democratic Republic of Congo, along with the requirement to prepay 10% of the quota as a mining royalty, has further restricted the supply chain and pushed up costs, supporting the strong cobalt price. It is worth noting that due to delays in export procedures causing quota goods to fail to leave the country as scheduled, the implementation period for its 18,125-ton cobalt export quota for the fourth quarter of 2025 has been extended to March 31, 2026. This increases the total quota for the first quarter of this year, and the actual implementation of this policy needs to be monitored.
As of press time:
65% wolframite concentrate is priced at RMB 460,000/ton.
65% scheelite concentrate is priced at RMB 459,000/ton.
Ammonium paratungstate (APT) is priced at RMB 670,000/ton.
European APT is priced at USD 825-900/mtu (equivalent to RMB 511,000-557,000/ton).
Tungsten powder is priced at RMB 1,080/kg.
Tungsten carbide powder is priced at RMB 1,040/kg.
Cobalt powder is priced at RMB 520/kg.
70% ferrotungsten is priced at RMB 650,000/ton.
European ferrotungsten is priced at USD 133-142/kg W (equivalent to RMB 651,000-695,000/ton).
Scrap tungsten rods are priced at RMB 600/kg.
Scrap tungsten drill bits are priced at RMB 580/kg.
Prices of Tungsten Products on January. 4, 2026
Tungsten Price Trend from January 2025 to January 2026
