On Monday, tungsten prices stayed firm amid tight market liquidity. Sellers were inclined to sell and take profits, while buyers stayed on the sidelines, resulting in muted spot trading.
The tungsten raw material market was lackluster, with a widening gap between buyers’ and sellers’ price outlooks. The market continued to be caught between price support from tight supply and the strategic value of raw materials, and the pressure from sluggish real demand. Participants mostly maintained a wait-and-see attitude, trading only for immediate needs while waiting for clearer market direction.
Tungsten scrap prices appeared flat on the surface but softened in real deals, as increased profit-taking weighed on actual transaction levels.
As of press time,
• 65% wolframite concentrate was at RMB 1,025,000/tonne, up 122.8% year-to-date.
• 65% scheelite concentrate was at RMB 1,024,000/tonne, up 123.1% since the start of the year.
• Ammonium paratungstate (APT) stood at RMB 1,500,000/tonne, rising 123.9% year-to-date.
• European APT was quoted at USD 2,500–2,800/mtu (RMB 1.524–1.706 million/tonne), surging 188.0% from the beginning of the year.
• Tungsten powder was priced at RMB 2,380/kg, up 120.4% year-to-date.
• Tungsten carbide powder was at RMB 2,320/kg, increasing 123.1% since early this year.
• Cobalt powder was assessed at RMB 580/kg, up 11.5% year-to-date.
• 70% ferrotungsten was at RMB 1.42 million/tonne, up 118.5% from the start of the year.
• European ferrotungsten was at USD 305–322/kg W (RMB 1.465–1.543 million/tonne), climbing 128.0% year-to-date.
• Scrap tungsten rods were at RMB 1,250/kg, down 3.9% week-on-week but up 108.3% year-to-date.
• Scrap tungsten drill bits were at RMB 1,230/kg, falling 5.4% week-on-week yet rising 112.1% year-on-year.
Post time: Mar-23-2026