Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices surged across the board, reigniting market enthusiasm. This was driven by two factors: firstly, a new round of price increases from industry institutions and large tungsten companies in Jiangxi province boosted market confidence; secondly, the recent strength in precious metals and molybdenum prices (also a refractory metal) created a synergistic effect. Furthermore, the rebound in the tungsten scrap market also helped improve sentiment in the tungsten raw material market. Due to continuously rising production costs, some cemented carbide companies issued price increase notices again at the beginning of the year.
As of press time, tungsten concentrate prices surged to RMB 464,000/ton, APT prices returned to a high of RMB 680,000/ton, and tungsten powder prices broke through the RMB 1.1 million/ton mark!
65% Wolframite Concentrate Price: RMB 464,000/ton.
65% Scheelite Concentrate Price: RMB 464,000/ton.
Ammonium Paratungstate (APT) Price: RMB 680,000/ton.
European APT Price: USD 900-945/mtu (equivalent to 556,000-584,000/ton).
Tungsten Powder Price: RMB 1,100/kg.
Tungsten Carbide Powder Price: RMB 1,060/kg.
Cobalt Powder Price: RMB 530/kg.
70% Ferrotungsten Price: RMB 655,000/ton.
European Ferrotungsten Price: USD 133-142/kg W (equivalent to 651,000-695,000/ton).
Scrap Tungsten Rod Price: RMB 640/kg.
Scrap Tungsten Drill Bit Price: RMB 620/kg.
On January 5th, international gold prices regained the USD 4,400/ounce mark, and COMEX silver rose nearly 7% on the day. Analysis indicates that the Venezuelan black swan event exacerbated international geopolitical uncertainty, leading to heightened investor risk aversion and a surge of funds into safe-haven assets such as gold and silver.
Furthermore, data from CBN shows that in 2025, the non-ferrous metals sector led the A-share market for the first time with an annual increase of 94.73%. From precious metals to industrial metals, and from upstream resources to downstream new materials, the sector saw comprehensive strength, with 44 stocks doubling in price, making it one of the most prominent themes in the A-share market.
Prices of Tungsten Products on January. 6, 2026
Tungsten Price Trend from January 2025 to January 2026
