Tungsten Market Speculation, Sluggish Trading - June 26, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

Domestic tungsten prices this week have generally remained in a state of stalemate with a downward bias,market pressure stems primarily from weak downstream purchasing initiative and slow inventory depletion by holders, resulting in an overall lack of liquidity in the tungsten market. 

Yesterday, a listed tungsten company in Guangdong maintained its long-term contract purchase price, providing some support to market sentiment. However, in the actual trading market, the stalemate caused by divergent psychological expectations between buyers and sellers persists,actual trading volumes have not seen significant improvement, and negotiated prices remain under pressure.

China Tungsten Online believes that short-term market trends will depend largely on the tug-of-war between supply and demand. In the absence of significant bullish or bearish signals, both sides are inclined to adopt a wait-and-see approach, and tungsten prices are expected to continue a trend of narrow-range consolidation with a weak bias. From a medium- to long-term perspective, the rising strategic importance of tungsten as a critical mineral and increasing demand from emerging sectors provide support for market expectations. However, it is worth noting that the progress of domestic and international mine development, the pace of new capacity release, and the status of overseas tungsten concentrate imports are also important variables to watch. Tungsten and cobalt products newly prices as followings.

65% Wolframite Concentrate Price: RMB 510,000/ton, down 51.4% from its peak, up 10.9% since the beginning of the year.

65% Scheelite Concentrate Price: RMB 509,000/ton, down 51.5% from its peak, up 10.9% in 2026.

Ammonium Paratungstate (APT) Price: RMB 750,000/ton, down 50.7% from its peak, up 11.9% in 2026.

European APT Price: USD 2,900-3,210 /mtu (equivalent to RMB 1.745-1.932 million/ton), down 2.7% from its peak, up 232.1% in 2026.

Tungsten Powder Price: RMB 1,200/kg, down 50.0% from its peak, up 11.1% in 2026.

Tungsten Carbide Powder Price: RMB 1,150/kg, down 50.9% from its peak, up 10.6% in 2026.

Cobalt Powder Price: RMB 510/kg, down 12.1% from the year's high, down 1.9% in 2026. 

70% Ferrotungsten Price: RMB 770,000/ton, down 45.8% from its peak, up 18.5% in 2026.

European Ferrotungsten Price: USD 200-240/kg W (equivalent to RMB 952,000-1,142,000/ton), down 32.3% from its peak, up 60.0% in 2026.

Tungsten Scrap Carbide Rod Price: RMB 700/kg, down 48.9% from its peak, up 16.7% in 2026.

Prices of Tungsten Products on June 26, 2026

Tungsten Price Trend from January 2025 to June 2026

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