APT Prices Soar Domestically and Internationally - January 26, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

Today, on Laba Festival, the tungsten market remains hot, with prices across the entire industry chain, from raw materials to finished products, alloys, and scrap, repeatedly hitting new highs. As of press time, tungsten concentrate prices are approaching RMB 550,000/ton, ammonium paratungstate prices have reached RMB 800,000/ton, and tungsten powder prices have broken through the RMB 1.3 million/ton!

The continued rise in tungsten prices is mainly supported by tight supply. This includes supply constraints imposed by environmental and safety inspections and total mining volume controls, as well as the widespread reluctance to sell among holders. Furthermore, ongoing global geopolitical uncertainties, the challenges facing the US dollar's credit system, and the continued loose monetary policies of many countries have fueled market concerns about long-term inflation. Against this backdrop, tungsten, with its strategic metal attributes, like gold, silver, and copper, has attracted the attention of safe-haven and investment funds, highlighting the impact of its financial attributes on prices.

However, the actual trading in the tungsten market is characterized by high prices but low volume, with a clear obstruction effect on high-price transmission. Currently, end-users are mostly purchasing cautiously on an as-needed basis, with no significant pre-Spring Festival stockpiling, resulting in limited overall market transactions.

As of press time,

65% wolframite concentrate is priced at RMB 545,000/ton, up 18.5% from the beginning of the year.

65% scheelite concentrate is priced at RMB 544,000/ton, up 18.5% from the beginning of the year.

Ammonium paratungstate (APT) is priced at RMB 810,000/ton, up 20.9% from the beginning of the year.

European APT is priced at USD 1080-1325/mtu (equivalent to RMB 665,000-816,000/ton), up 30.7% from the beginning of the year.

Tungsten powder is priced at RMB 1300/kg, up 20.4% from the beginning of the year.

Tungsten carbide powder is priced at RMB 1250/kg, up 20.2% from the beginning of the year.

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

70% ferrotungsten is priced at RMB 755,000/ton, up 16.2% from the beginning of the year.

European ferrotungsten is priced at USD 148-150/kg W (equivalent to RMB 721,000-730,000/ton), up 8.4% from the beginning of the year.

Scrap tungsten rods are priced at RMB 750/kg, up 25.0% from the beginning of the year.

Scrap tungsten drill bits are priced at RMB 725/kg, up 25.0% from the beginning of the year.

Prices of Tungsten Products on January. 26, 2026

Tungsten Price Trend from January 2025 to January 2026

• < Prev
• Next >