Tungsten Prices Remain Stable - March 18, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices remain stable, with raw material supply unwilling to ease and no updates to macroeconomic information available, maintaining a generally firm market. This has led to a recovery in confidence in the tungsten scrap market, easing profit-taking pressure and causing recyclers to raise their prices. Transactions in the tungsten market are primarily driven by essential needs, with cautious purchasing sentiment prevailing.

Currently, the overall atmosphere in the tungsten market is cautious and wait-and-see. Market confidence stems mainly from the tight supply situation, the anticipated value of strategic resources, and the combined effect of tight international supply and high prices. Market concerns primarily arise from demand-side pressure and the frequent and unstable inflows and outflows of speculative funds. Furthermore, the uncertainty of the global macroeconomic and political environment will continue to be an external factor affecting tungsten price trends.

As of press time, 

65% wolframite concentrate is priced at RMB 1,030,000/ton, up 123.9% from the beginning of the year.

65% scheelite concentrate is priced at RMB 1,029,000/ton, up 124.2% from the beginning of the year.

Ammonium paratungstate (APT) is priced at RMB 1,500,000/ton, up 123.9% from the beginning of the year.

European APT is priced at USD 2100-2400/mtu (equivalent to RMB 1.279-1.462 million/ton), up 144.6% from the beginning of the year.

Tungsten powder is priced at RMB 2380/kg, up 120.4% from the beginning of the year.

Tungsten carbide powder is priced at RMB 2320/kg, up 123.1% 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 1,420,000/ton, up 118.5% from the beginning of the year.

European ferrotungsten is priced at USD 300-320/kg W (equivalent to RMB 1.445-1.542 million/ton), up 125.5% from the beginning of the year.

Scrap tungsten rods are priced at RMB 1250/kg, up 108.3% from the beginning of the year.

Scrap tungsten drill bits are priced at RMB 1230/kg, up 112.1% from the beginning of the year.

Prices of Tungsten Products on March 18, 2026

Tungsten Price Trend from January 2025 to March 2026

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