Wolframite Concentrate and APT Prices Weaken - April 1, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

At the beginning of April, tungsten prices trended downwards. Profit-taking by holders and heightened fear of high prices among buyers eased the supply shortage at mines and smelters, leading to a slight weakening of prices. 

However, influenced by international geopolitical uncertainties and rising inflation risks, the market's long-term expectations for tungsten as a strategic resource remain strong, and the current price adjustment is generally considered a normal fluctuation within a rational range.

It is worth noting that the lagged effects of the previous sustained rise in tungsten raw material prices are becoming apparent. Coupled with increased global energy, logistics, and labor costs, the operating pressure at all stages of the industry chain has significantly increased. Domestic and international cemented carbide tool companies plan to raise prices significantly in April and May. This news has boosted price support in the scrap tungsten market, but given the current volatile market environment, buyers' willingness to purchase is relatively limited.

China Tungsten Online believes that the tungsten market will maintain a slightly weak trend in the short term, with a clear battle between bullish and bearish sentiment. Both buyers and sellers are not very proactive, and the market trading atmosphere is cautious and subdued.

As of press time,

65% wolframite concentrate is priced at RMB 985,000/ton, down 6.2% from its peak, but up 114.1% year-to-date.

65% scheelite concentrate is priced at RMB 984,000/ton, down 6.2% from its peak, but up 114.4% year-to-date.

Ammonium paratungstate (APT) is priced at RMB 1,470,000/ton, down 3.3% from its peak, but up 119.4% year-to-date.

European APT is priced at USD 2,800-3,150/mtu (equivalent to RMB 1,713,000-1,927,000/ton), up 223.4% year-to-date.

Tungsten powder is priced at RMB 2,350/kg, down 2.1% from its peak, but up 117.6% year-to-date.

Tungsten carbide powder is priced at RMB 2,290/kg, down 2.1% from its peak, but up 120.2% year-to-date.

Cobalt powder is priced at RMB 580/kg, up 11.5% from the beginning of the year.

70% ferrotungsten is priced at RMB 1,400,000/ton, down 1.4% from its peak, but up 115.4% from the beginning of the year.

European ferrotungsten is priced at USD 320-330/kg W (equivalent to RMB 1,548,000-1,597,000/ton), up 136.4% from the beginning of the year.

Scrap tungsten rods are priced at RMB 1080/kg, down 21.2% from its peak, but up 80.0% from the beginning of the year.

Scrap tungsten drill bits are priced at RMB 1050/kg, down 23.4% from its peak, but up 81.0% from the beginning of the year.

Prices of Tungsten Products on April 1, 2026

Tungsten Price Trend from January 2025 to April 2026

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