Tungsten Concentrate Prices Reach RMB 520,000/ton - January 20, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

The strong trend of tungsten prices has not changed, and the market situation has climbed higher. However, the transactions have been inhibited by high costs and the festive atmosphere. The supply and demand game has intensified in the short term, and market activities have been cautiously carried out around rigid demand. 

This morning, the latest quotations from two representative tungsten companies in Jiangxi were announced, and significant price increases continued to boost market enthusiasm.

In the tungsten concentrate market, miners are reluctant to sell their goods, and the overall tradable resources continue to be tight, supporting the high price of tungsten products.

65% wolframite concentrate was priced at RMB 520,000/ton, up 13.0% from the beginning of the year.

65% scheelite concentrate was priced at RMB 519,000/ton, up 13.1% from the beginning of the year.

In the ammonium paratungstate (APT) market, amid the shortage of raw materials and high costs, smelting plant quotations are strong, but consumer market activity is limited.

Domestic APT was priced at RMB 760,000/ton, an increase of 13.4% 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.

In the tungsten powder market, cost pressure continues to be transmitted, powder metallurgy companies passively follow the rise, downstream end-users have limited capacity to undertake, market supply and demand game, transactions are deadlocked.

Tungsten powder was priced at RMB 1,230/kg, up 13.9% from the beginning of the year.

Tungsten carbide powder was priced at RMB 1,190/kg, up 14.2% from the beginning of the year.

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

In the ferrotungsten market, the market trend follows the adjustment of the tungsten ore market, while the consumption enthusiasm of the downstream steel industry is limited, and the market transaction performance is weak.

70% ferrotungsten was priced at RMB 725,000/ton, up 11.5% from the beginning of the year.

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

In the tungsten waste and scrap market, the mentality of participants is still divided. On the one hand, the strong mainstream tungsten price brings support; on the other hand, as prices run at high levels, the risk of resource hoarding increases. As the Spring Festival approaches, some traders choose to cash in on high prices to gain timely profits. Market liquidity has improved, but overall operations are still cautious.

Scrap tungsten rods were priced at RMB 720/kg, up 20.0% from the beginning of the year.

Scrap tungsten drill bits were priced at RMB 695/kg, up 19.8% from the beginning of the year.

Prices of Tungsten Products on January. 20, 2026

Tungsten Price Trend from January 2025 to January 2026

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