Analysis of Latest Tungsten Market from Chinatungsten Online
Tungsten prices remained firm, with continued supply-side tightening providing fundamental support to the market, interacting with holders' reluctance to sell in anticipation of higher prices. However, high costs suppressed the pace of downstream demand release, resulting in insufficient market activity, poor overall liquidity, and cautious stockpiling before the Spring Festival.
The tungsten scrap market showed mixed performance. Recyclers had limited acceptance of high-priced supplies. Meanwhile, some suppliers were holding back sales in hopes of higher returns, while others cashed out promptly to lock in profits. The holiday atmosphere combined with rising product prices exacerbated market funding pressures, leading to volatile trading sentiment and frequent price fluctuations.
It is noteworthy that against the backdrop of escalating global geopolitical and economic uncertainties, countries are continuously strengthening their regulation of key mineral resources. This not only affects the supply chain of related metals but also introduces potential cost variables and trade policy uncertainties to the market trends of strategic resource tungsten and its downstream alloy products. For example, the Democratic Republic of Congo has implemented export quotas for cobalt and levied 10% mining royalties; Indonesia plans to lower its 2026 nickel production target to 250-260 million tons, a decrease of approximately 31%-34% from 379 million tons in 2025.
As of press time,
65% wolframite concentrate is priced at RMB 505,000/ton.
65% scheelite concentrate is priced at RMB 504,000/ton.
Ammonium paratungstate (APT) is priced at RMB 745,000/ton.
European APT is priced at USD 950-987/mtu (equivalent to RMB 586,000-609,000/ton).
Tungsten powder is priced at RMB 1,200/kg.
Tungsten carbide powder is priced at RMB 1,160/kg.
Cobalt powder is priced at RMB 580/kg.
70% ferrotungsten is priced at RMB 710,000/ton.
European ferrotungsten is priced at USD 133-142/kg W (equivalent to RMB 649,000-693,000/ton).
Scrap tungsten rods are priced at RMB 710/kg.
Scrap tungsten drill bits are priced at RMB 690/kg.
Prices of Tungsten Products on January. 15, 2026
Tungsten Price Trend from January 2025 to January 2026
