Tungsten Powder Price Reaches RMB 1700/kg - February 10 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

Despite the approaching Spring Festival, tungsten prices continue to rise, exhibiting a clear characteristic of high prices but low trading volume. 

Upstream mines and smelters are successively arranging production cuts, maintenance, and holidays. Based on supply scarcity and strategic valuations, holders are maintaining a wait-and-see attitude, holding onto their goods. Downstream tungsten material and cemented carbide product manufacturers are also gradually entering holiday mode, with pre-holiday stockpiling largely completed, leading to a decrease in market activity.

In just over two months since the beginning of 2026, tungsten raw material prices have cumulatively increased by 50%, with current prices approximately five times the levels at the beginning of 2025. Faced with such a rapid and significant price increase, tungsten product manufacturers are concerned about both continuously rising costs and a potential collapse in prices. Currently, both parties are cautiously negotiating on a case-by-case basis, resulting in a stalemate due to weak supply and demand.

As of press time,

65% wolframite concentrate is priced at RMB 690,000/ton, up 50.0% from the beginning of the year.

65% scheelite concentrate is priced at RMB 689,000/ ton, up 50.1% from the beginning of the year.

Ammonium paratungstate (APT) is priced at RMB 1.02 million/ton, up 52.2% from the beginning of the year.

European APT is priced at USD 1200-1550/mtu (equivalent to RMB 734,000-948,000/ton), up 49.5% from the beginning of the year.

Tungsten powder is priced at RMB 1700/kg, up 57.4% from the beginning of the year.

Tungsten carbide powder is priced at RMB 1650/kg, up 58.7% 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 960,000/ton, up 47.7% from the beginning of the year.

European ferrotungsten is priced at USD 182-189/kg W (equivalent to RMB 880,000-914,000/ton), up 34.9% from the beginning of the year.

Scrap tungsten rods are priced at RMB 870/kg, up 45.0% from the beginning of the year.

Scrap tungsten drill bits are priced at 840/kg, up 44.8% from the beginning of the year.

Prices of Tungsten Products on February 10, 2026

Tungsten Price Trend from January 2025 to February 2026

• < Prev
• Next >