Tungsten Product Prices Rise Daily - March 12, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten product prices remain high, but market uncertainty is increasing. 

According to a survey by China Tungsten Online, bullish sentiment stems primarily from tight tungsten ore supply and strategic expectations supporting the value of key global minerals. Market concerns arise mainly from the lack of substantial incremental consumer demand supporting the continued unilateral price increases, while allocation demand based on strategic and financial attributes is easily influenced by the macroeconomic environment and participant sentiment. As tungsten prices continue to climb, market risk aversion is accumulating, and market sensitivity is significantly increased. Industry insiders point out that the entry barriers to the industry have risen accordingly, presenting both opportunities and challenges in the industrial chain, requiring a cautious approach.

As of press time,

65% wolframite concentrate is priced at RMB 1,050,000/ton, up 128.3% from the beginning of the year.

65% scheelite concentrate is priced at RMB 1,049,000/ton, up 128.5% from the beginning of the year.

Ammonium paratungstate (APT) is priced at RMB 1,520,000/ton, up 126.9% from the beginning of the year.

European APT is priced at USD 2000-2195/mtu (equivalent to RMB 1.217-1.336 million/ton), up 128.0% from the beginning of the year.

Tungsten powder is priced at RMB 2400/kg, up 122.2% from the beginning of the year.

Tungsten carbide powder is priced at RMB 2340/kg, up 125.0% 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 1.42 million/ton, up 118.5% from the beginning of the year.

European ferrotungsten is priced at USD 270-289/kg W (equivalent to RMB 1.299-1.391 million/ton), up 103.3% from the beginning of the year.

Scrap tungsten rods are priced at RMB 1370/kg, up 128.3% from the beginning of the year.

Scrap tungsten drill bits are priced at RMB 1,370/kg, up 136.2% from the beginning of the year.

Prices of Tungsten Products on March 12, 2026

Tungsten Price Trend from January 2025 to March 2026

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