Price Divergence of APT in Domestic and International Markets - June 23, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

The tungsten market continued its narrow range trading, with negotiating prices under pressure. This was mainly due to generally cautious purchasing intentions and limited new orders, which suppressed transaction activity and sellers' bargaining power.

In the tungsten concentrate market, supply increases at the mining end were limited, but downstream sectors showed reduced willingness to accept high-priced raw materials, resulting in insufficient consumer enthusiasm and a stagnant market.

65% wolframite concentrate price: RMB 520,000/ton, down 50.5% from its peak, but up 13.0% year-to-date.

65% scheelite concentrate price: RMB 519,000/ton, down 50.5% from its peak, but up 13.1% year-to-date.

In the ammonium paratungstate (APT) market, cost support was rigid, but demand elasticity was insufficient, causing the upper limit of the domestic price range to decline. However, the international market maintained a tight supply and high price situation.

Ammonium paratungstate (APT) price: RMB 780,000/ton, down 50.5% from its peak, but up 13.0% year-to-date.

European APT price: USD 2,900-3,210/mtu (equivalent to RMB 1.738-1.924 million/ton), down 2.7% from its peak, but up 232.1% year-to-date.

In the tungsten powder market, mainstream prices remained stable, with room for negotiation in actual transactions. Domestic demand was cautious, with end-users mostly purchasing in small batches as needed. Overseas demand was relatively active, but orders from sensitive end-users were constrained by policy factors.

Tungsten powder price: RMB 1280/kg, down 46.7% from its peak, but up 18.5% year-to-date.

Tungsten carbide powder price: RMB 1230/kg, down 47.4% from its peak, but up 18.3% year-to-date.

Cobalt powder price: RMB 515/kg, down 11.2% from its high and down 1.0% year-to-date.

In the ferrotungsten market, downstream purchasing slowed, with buyers observing cost fluctuations. A cautious atmosphere prevailed, resulting in insufficient transaction activity.

70% ferrotungsten price: RMB 780,000/ton, down 45.1% from its peak, but up 20.0% year-to-date.

European ferrotungsten price: USD 200-240/kg W (equivalent to RMB 948,000-1.138 million/ton), down 32.3% from its peak, but up 60.0% year-to-date.

In the tungsten waste and scrap market, buyer and seller expectations are inconsistent, overall trading activity is weak, and actual price negotiations are under pressure.

Scrap tungsten carbide rod price: RMB 780/kg, down 43.1% from its peak, but up 30.0% year-to-date.

Scrap tungsten carbide drill bit price: RMB 730/kg, down 46.7% from its peak, but up 25.9% year-to-date.

Prices of Tungsten Products on June 23, 2026

Tungsten Price Trend from January 2025 to June 2026

• < Prev
• Next >