Tungsten Powder Price Surges to RMB 1400/kg - January 28, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

The tungsten market is currently in a chaotic and sensitive phase, with pricing behavior by holders and traders becoming increasingly disorderly, and the mainstream price spread widening significantly.

The driving force behind this week's tungsten price increases came partly from the price hikes of long-term contracts by major tungsten producers. While these prices themselves did not exceed the mainstream market range, they still boosted sentiment. The greater driving force stemmed from market hoarding and speculation. Factors such as resource supply constraints and the strengthening of strategic attributes led holders to be generally unwilling to release goods at low prices, while some traders took advantage of the situation to push up their quotes.

With the Spring Festival holiday approaching, the chaotic situation in the tungsten market exacerbated the wait-and-see attitude and weak sentiment among downstream end-users. Spot trading was sluggish, with most transactions focused on rigid demand or fulfilling long-term contracts, resulting in insufficient market liquidity.

As of press time,

65% wolframite concentrate was priced at RMB 570,000/ton, up 23.9% from the beginning of the year.

65% scheelite concentrate was priced at RMB 569,000/ton, up 24.0% from the beginning of the year.

Ammonium paratungstate (APT) was priced at RMB 845,000/ton, up 26.1% from the beginning of the year.

European APT was 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 was priced at RMB 1400/kg, up 29.6% from the beginning of the year.

Tungsten carbide powder was priced at RMB 1350/kg, up 29.8% 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 was priced at RMB 780,000/ton, up 20% from the beginning of the year.

European ferrotungsten was 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 were priced at RMB 790/kg, up 31.7% from the beginning of the year.

Scrap tungsten drill bits were priced at RMB 760/kg, up 31.0% from the beginning of the year.

Prices of Tungsten Products on January. 28, 2026

Tungsten Price Trend from January 2025 to January 2026

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