Wolframite Concentrate Price Approaches RMB 800,000 - February 27, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

The rapid and strong surge in tungsten prices since the resumption of work after the Spring Festival has fueled speculative sentiment in the tungsten market, leading to significant disruptions in the overall pricing system. 

Frequent high-priced offers for spot goods have emerged, but the actual available supply is limited. Holders of goods are reluctant to sell, hoping for further price increases, while buyers are adopting a wait-and-see approach due to increased cost pressures. Overall, the tungsten market is experiencing sluggish trading, primarily driven by small, immediate orders and post-holiday restocking. Liquidity is relatively limited, and competition within the industry chain is intensifying.

As of press time,

65% wolframite concentrate is priced at RMB 790,000/ton, up 71.7% from the beginning of the year.

65% scheelite concentrate is priced at RMB 789,000/ton, up 71.9% from the beginning of the year.

Ammonium paratungstate (APT) is priced at RMB 1,170,000/ton, up 74.6% from the beginning of the year.

European APT is priced at USD 1650-1900/mtu (equivalent to RMB 1 million-1.151 million/ton), up 92.9% from the beginning of the year.

Tungsten powder is priced at RMB 1880/kg, up 74.1% from the beginning of the year.

Tungsten carbide powder is priced at RMB 1820/kg, up 76.0% 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 1.1 million/ton, up 69.2% from the beginning of the year.

European ferrotungsten is priced at USD 206-220/kg W(equivalent to RMB 987,000-1,054,000/ton), up 54.9% from the beginning of the year.

Scrap tungsten rods are priced at RMB 1040/kg, up 73.3% from the beginning of the year.

Scrap tungsten drill bits are priced at RMB 1020/kg, up 75.9% from the beginning of the year.

Prices of Tungsten Products on February 27, 2026

Tungsten Price Trend from January 2025 to February 2026

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