Views: 0 Author: Site Editor Publish Time: 2026-04-29 Origin: Site
Tungsten prices continue to face downward pressure, with the market experiencing a combination of temporary supply easing and weak demand, and no signs of a price rebound have yet emerged.
On the supply side, the concentrated release of previously accumulated inventory has led to a slightly looser supply in the market. Profit-taking has resulted in significantly lower-than-average prices, forcing some holders to accept these lower prices to alleviate financial pressure or reduce inventory risk, further suppressing tungsten prices.
On the demand side, downstream consumers are showing low purchasing activity, with many companies adopting a wait-and-see approach, resulting in shrinking market transaction volume and limited effective support for prices from the demand side.
As of press time
65% wolframite concentrate is priced at RMB 780,000/ton, down 25.7% from its high, but up 69.6% from the beginning of the year.
65% scheelite concentrate is priced at RMB 779,000/ton, down 25.7% from its high, but up 69.7% from the beginning of the year.
Ammonium paratungstate (APT) is priced at RMB 1,230,000/ton, down 19.1% from its peak, but up 83.6% from the beginning of the year.
European APT is priced at USD 2,800-3,320/mtu (equivalent to RMB 1.692-2.006 million/ton), up 232.6% from the beginning of the year. Tungsten powder is priced at RMB 2,050/kg, down 14.6% from its peak, but up 89.8% from the beginning of the year.
Tungsten carbide powder is priced at RMB 1,980/kg, down 15.4% from its peak, but up 90.4% from the beginning of the year.
Cobalt powder is priced at RMB 575/kg, down 0.9% from its peak, but up 10.6% from the beginning of the year.
70% ferrotungsten is priced at RMB 1,140,000/ton, down 19.7% from its peak, but up 75.4% from the beginning of the year.
European ferrotungsten is priced at USD 290-305/kg W (equivalent to RMB 1.386-1.458 million/ton), down 8.5% from their peak but up 116.4% year-to-date.
Scrap tungsten rods are priced at RMB 720/kg, down 47.5% from their peak but up 20.0% year-to-date.
Scrap tungsten drill bits are priced at RMB 670/kg, down 51.1% from their peak but up 15.5% year-to-date.
