Analysis of Latest Tungsten Market from Chinatungsten Online
On the first trading day after the Spring Festival, the tungsten raw material market was in the early stages of resumption of work, with the operating rate not yet fully recovered, but market prices generally remained firm.
On the one hand, the international tungsten market continued its strong performance, exhibiting a tight supply and high prices due to insufficient resource endowment and mining technology, which boosted the domestic market. On the other hand, the tense international geopolitical situation continued to highlight the strategic and scarce value of tungsten as a resource. Furthermore, influenced by optimistic long-term expectations for precious metals and the overall popularity of the non-ferrous metals sector, tungsten, which had already shown a leading upward trend in 2025, received sentiment resonance and attention from the capital market.
As of press time,
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65% wolframite concentrate is priced at RMB 705,000/ton, up 1.2% from before the Spring Festival and up 53.3% from the beginning of the year.
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65% scheelite concentrate is priced at RMB 704,000/ton, up 1.2% from before the Spring Festival and up 53.4% from the beginning of the year.
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Ammonium paratungstate (APT) is priced at RMB 1.05 million/ton, up 2.9% from before the Spring Festival and up 56.7% from the beginning of the year.
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European APT is priced at USD 1650-1900/mtu (equivalent to RMB 1.007-1.16 million/ton), up 29.1% from before the Spring Festival and up 92.9% from the beginning of the year.
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Tungsten powder is priced at RMB 1740/kg, up 2.4% from before the Spring Festival and up 61.1% from the beginning of the year.
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Tungsten carbide powder is priced at RMB 1690/kg, up 2.4% from before the Spring Festival and up 62.5% from the beginning of the year.
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Cobalt powder is priced at RMB 580/kg, up 11.5% from the beginning of the year.
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70% ferrotungsten is priced at RMB 990,000/ton, up 2.1% from before the Spring Festival and up 52.3% from the beginning of the year.
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European ferrotungsten is priced at USD 200-210/kg W (equivalent to RMB 966,000-1,014,000/ton), up 4.9% from before the Spring Festival and up 49.1% from the beginning of the year.
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Scrap tungsten rods are priced at RMB 890/kg, up 2.3% from before the Spring Festival and up 48.3% from the beginning of the year.
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Scrap tungsten drill bits are priced at RMB 860/kg, up 2.4% from before the Spring Festival and up 48.3% from the beginning of the year.
