Tungsten Carbide Powder Price Reaches RMB 1200/kg - January 21, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices maintain a strong upward trend, driven by three main factors: 

Firstly, the tight supply and high prices in the tungsten ore market are passing on rigid costs to downstream industries. Secondly, although downstream end-user consumption has cooled, underlying demand remains strong, prompting hard alloy and tungsten product companies to raise product prices to offset some of the cost pressure. And thirdly, the announcement of significantly increased long-term contract purchase prices by a major Jiangxi tungsten company yesterday further boosted participant confidence.

Looking back at 2025, China's tungsten product exports decreased by 20.71% year-on-year, reflecting the impact of global political and economic fluctuations and dual-use item control measures. However, the export value only decreased slightly by 0.51%, indicating an increase in the value per unit of exported tungsten products, indirectly confirming the upward trend in tungsten prices in 2025.

As of the time of publication:

65% wolframite concentrate price: RMB 528,000/ton, up 14.8% from the beginning of the year.

65% scheelite concentrate price: RMB 527,000/ton, up 14.8% from the beginning of the year.

Ammonium paratungstate (APT) price: RMB 770,000/ton, up 14.9% from the beginning of the year.

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

Tungsten powder price: RMB 1240/kg, up 14.8% from the beginning of the year.

Tungsten carbide powder price: RMB 1200/kg, up 15.4% from the beginning of the year.

Cobalt powder price: RMB 580/kg, up 11.5% from the beginning of the year.

70% ferrotungsten price: RMB 735,000/ton, up 13.1% from the beginning of the year.

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

Scrap tungsten rod price: RMB 730/kg, up 21.7% from the beginning of the year.

Scrap tungsten drill bit price: RMB 700/kg, up 20.7% from the beginning of the year.

Prices of Tungsten Products on January. 21, 2026

Tungsten Price Trend from January 2025 to January 2026

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