RMB 1.5 Million! Tungsten Powder Prices Rise Yet Again!

Analysis of Latest Tungsten Market from Chinatungsten Online

Despite the sharp drop in the precious metals market, the tungsten market continues its upward trend, with prices repeatedly hitting new highs. According to Chinatungsten Online, as of press time, tungsten concentrate reached RMB 620,000/ton, ammonium paratungstate reached RMB 920,000/ton, and tungsten powder reached RMB 1.5 million/ton!

Entering the final two trading weeks before the Spring Festival, domestic tungsten industry chain manufacturers will gradually enter their holiday break, and production and trading activities are expected to slow down, with the overall market atmosphere becoming more cautious and wait-and-see. Currently, traders holding inventory are quite conflicted. On the one hand, high costs and tight spot supply support their willingness to maintain prices; on the other hand, the increased demand for pre-holiday capital repatriation and concerns about the continuation of post-holiday market trends, coupled with uncertainties in the international political and economic situation, have led some holders to hesitate between selling at high prices and continuing to hoard. The massive volatility in the precious metals market has exacerbated this contradiction.

Last Friday, the precious metals market experienced a Black Friday, with international gold prices plummeting by over 11% in a single day; silver prices plunged 31.37%, marking the largest single-day drop since March 1980. The volatility was primarily attributed to: the uncertainty surrounding monetary policy brought about by the appointment of the new Federal Reserve Chairman, profit-taking triggered by the significant gains in precious metal prices since last year, and a chain reaction of selling triggered by market panic. 

As of press time,

65% wolframite concentrate was priced at RMB 620,000/ton, up 34.8% from the beginning of the year.

65% scheelite concentrate was priced at RMB 619,000/ton, up 34.9% from the beginning of the year.

Ammonium paratungstate (APT) was priced at RMB 920,000/ton, up 37.3% from the beginning of the year.

European APT was priced at USD 1,100-1,398/mtu (equivalent to RMB 677,000-860,000/ton), up 35.8% from the beginning of the year.

Tungsten powder was priced at RMB 1,500/kg, up 38.9% from the beginning of the year.

Tungsten carbide powder was priced at RMB 1450/kg, up 39.4% 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 850,000/ton, up 30.8% from the beginning of the year.

European ferrotungsten was priced at USD 168-178/kg W (equivalent to RMB 817,000-866,000/ton), up 25.8% from the beginning of the year.

Scrap tungsten rods were priced at RMB 860/kg, up 43.3% from the beginning of the year.

Scrap tungsten drill bits were priced at RMB 830/kg, up 43.1% from the beginning of the year.

Prices of Tungsten Products on February 2, 2026

Tungsten Price Trend from January 2025 to February 2026

• < Prev
• Next >