APT Price Hits a New High of RMB 1.1 Million!

Analysis of Latest Tungsten Market from Chinatungsten Online

Yesterday, a major tungsten company in Jiangxi announced a new long-term purchase quotation higher than mainstream market expectations, catalyzing a firm market trend and causing a broad-based surge in tungsten product prices.

Based on over 30 years of experience in the tungsten market, China Tungsten Online analyzes that the high intensity and rapid pace of tungsten price movements over the past year have fundamentally overturned the traditional trading logic and business rhythm of the market, even profoundly changing people's concepts of the spot market and stock trading psychology. A significant characteristic of the current tungsten market is the drastically compressed trading cycle. Orders are often placed and executed within the same day or even less, and even time zones have become uncertainties and obstacles for some transactions. The common practice of waiting and seeing after inquiries and delayed decision-making in business often translates into immediate increases in procurement costs and high uncertainty in the current volatile tungsten market. This change demands that trading demand be real, urgent, and immediate. The overall sentiment in the tungsten market is becoming more cautious, with trading activities showing a clear sense of caution against the backdrop of high prices. Actual transaction volume is mainly concentrated among a few customers with immediate needs and strong cash flow, while small and medium-sized traders and hesitant buyers are wary of high prices.

As of press time,

65% wolframite concentrate is priced at RMB 735,000/ton, up 59.8% from the beginning of the year.

65% scheelite concentrate is priced at RMB 734,000/ton, up 59.9% from the beginning of the year.

Ammonium paratungstate (APT) is priced at RMB 1.1 million/ton, up 64.2% from the beginning of the year.

European APT is priced at USD 1,650-1,900/mtu (equivalent to RMB 1.007-1.16 million/ton), up 92.9% from the beginning of the year.

Tungsten powder is priced at RMB 1,800/kg, up 66.7% from the beginning of the year.

Tungsten carbide powder is priced at RMB 1,750/kg, up 68.3% 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 1.03 million/ton, up 58.5% from the beginning of the year.

European ferrotungsten is priced at USD 200-210/kg W (equivalent to RMB 966,000-1,014,000/ton), up 49.1% from the beginning of the year.

Scrap tungsten rods are priced at RMB 920/kg, up 53.3% from the beginning of the year.

Scrap tungsten drill bits are priced at RMB 900/kg, up 55.2% from the beginning of the year.

Prices of Tungsten Products on February 25, 2026

Tungsten Price Trend from January 2025 to February 2026

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