Bitter Cold of Late Winter, Tungsten Market Still Red-Hot

Analysis of Latest Tungsten Market from Chinatungsten Online

On Monday, tungsten prices showed a steady upward trend. Raw material prices remained firm, while the scrap market remained stagnant. Industry players were awaiting new long-term contract quotes from tungsten producers this week.

With the Lunar New Year approaching, the tungsten market may gradually enter its traditional off-season. Raw material holders and scrap traders are more inclined to secure profits and recover funds, but due to cost support and expectations for the post-holiday market, the room for price concessions is very limited. Downstream buyers generally have low acceptance of high raw material prices, with most companies maintaining a strategy of purchasing only as needed and cautiously observing the market. Some small and medium-sized enterprises, due to reduced orders and financial pressure, may arrange production cuts or holidays earlier than usual for the Lunar New Year, resulting in limited overall market transaction volume.

As of press time,

65% wolframite concentrate was priced at RMB 512,000/ton, up 11.3% from the beginning of the year.

65% scheelite concentrate was priced at RMB 511,000/ton, up 11.3% from the beginning of the year.

Ammonium paratungstate (APT) was priced at RMB 755,000/ton, up 12.7% from the beginning of the year.

European APT was priced at USD 987-1050/mtu (equivalent to RMB 608,000-647,000/ton), up 10.7% from the beginning of the year.

Tungsten powder was priced at RMB 1220/kg, up 13.0% from the beginning of the year.

Tungsten carbide powder was priced at RMB 1180/kg, up 13.5% from the beginning of the year.

Cobalt powder was priced at RMB 580/kg, up 11.5% from the beginning of the year.

70% ferrotungsten is reported at RMB 720,000/ton, up 10.8% from the beginning of the year.

European ferrotungsten is reported at USD 140-145/kg W (equivalent to RMB 683,000-707,000/ton), up 3.6% from the beginning of the year.

Scrap tungsten rods were priced at RMB 710/kg, up 18.3% from the beginning of the year.

Scrap tungsten drill bits were priced at RMB 685/kg, up 18.1% from the beginning of the year.

Prices of Tungsten Products on January. 19, 2026

Tungsten Price Trend from January 2025 to January 2026

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