Wolframite Concentrate and APT Prices Lowered - March 26, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices are currently exhibiting a slight downward correction. Yesterday, a major tungsten enterprise in Guangdong announced its long-term contract prices, which fell short of market expectations; this triggered a subsequent downward revision in market quotes. Concurrently, localized profit-taking activities have further reinforced the bearish signals within the market.

According to Chinatungsten Online, since the risks accumulated during the previous period of high prices have not yet been fully cleared, downstream end-users are facing significant pressure regarding cost pass-through and absorption. Coupled with the fact that market positions held for profit have not yet been fully liquidated, tungsten prices are expected to maintain a pattern of slight downward adjustment in the short term. Currently, the market has not witnessed any large-scale panic selling or mass liquidation events; this reflects that bullish sentiment regarding the medium-to-long term remains dominant, overall industry confidence has not collapsed, and both supply and demand sides are engaging in cautious maneuvering.

The tungsten scrap market is characterized by a fragmented participant structure, high price sensitivity, and frequent short-term trading; consequently, recent fluctuations in market sentiment have exerted a distinct drag on transaction prices.

As of the time of publication:

The price of 65% wolframite concentrate is RMB 1,010,000/ton, down 3.8% from its peak level, and up 119.6% year-to-date.

The price of 65% scheelite concentrate is RMB 1,009,000/ton, down 3.8% from its peak level, and up 119.8% year-to-date.

The price of ammonium paratungstate (APT) is RMB 1,490,000/ton, down 2.0% from its peak level, and up 122.4% year-to-date.

The price of European APT is USD 2,500-2,800/mtu (equivalent to RMB 1.527-1.711/ton), up 188.0% year-to-date.

The price of tungsten powder is RMB 2,370/kg, down 1.3% from its peak level, and up 119.4% year-to-date.

The price of tungsten carbide powder is RMB 2,310/kg, down 1.3% from its peak level, and up 122.1% year-to-date.

The price of cobalt powder is RMB 580/kg, up 11.5% year-to-date.

The price of 70% ferrotungsten is RMB 1,410,000/ton, down 0.7% from its peak level, and up 116.9% year-to-date. 

The price of European ferrotungsten is USD 305-330/kg W (equivalent to RMB 1.474-1.595/ton), up 128.0% year-to-date.

The price of scrap tungsten rods is RMB 1,050/kg, down 23.4% from its peak level, and up 75.0% year-to-date.

The price of scrap tungsten drill bits is RMB 1,030/kg, down 24.8% from its peak level, and up 77.6% year-to-date.

Prices of Tungsten Products on March 26, 2026

Tungsten Price Trend from January 2025 to March 2026

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