Sluggish Trading in the Tungsten Market – July 1, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices remain weak due to demand-side pressure; on the supply side, a lack of new capital has led to some price concessions to facilitate sales. Overall market trading is sluggish, and prices remain under downward pressure.

In the tungsten concentrate market, sluggish consumption has slowed the circulation of resources, and price negotiations are trending toward lower levels.

65% wolframite concentrate price: RMB 480,000/ton, down 54.3% from its peak but up 4.4% since the start of the year.

65% scheelite concentrate price: RMB 479,000/ton, down 54.3% from its peak but up 4.4% since the start of the year.

In the ammonium paratungstate (APT) market, cost support has weakened, and downstream restocking momentum remains insufficient. A bearish sentiment currently dominates, resulting in a stagnant and weak market trend.

Domestic APT price: RMB 720,000/ton, down 52.6% from its peak but up 7.5% since the start of the year.

European APT price: USD 2,900-3,250/mtu (equivalent to RMB 1.745-1.956 million/ton), down 2.1% from its peak but up 234.2% since the start of the year.

In the tungsten powder market, downstream end-users show little willingness to purchase, opting mainly for small, on-demand orders. Market liquidity is insufficient, and price negotiations face downward pressure.

Tungsten powder price: RMB 1,150/kg, down 52.1% from its peak but up 6.5% since the start of the year.

Tungsten carbide powder price: RMB 1,100/kg, down 53.0% from its peak but up 5.8% since the start of the year.

Cobalt powder price: RMB 505/kg, down 12.9% from its high and down 2.9% since the start of the year.

In the ferrotungsten market, weakness is being transmitted through the supply chain; trading activity is lackluster, and prices are adjusting in line with market conditions.

70% ferrotungsten price: RMB 750,000/ton, down 47.2% from its peak but up 15.4% since the start of the year. 

European ferrotungsten price: USD 200-225/kg W (equivalent to RMB 952,000-1,071,000/ton), down 34.6% from its peak but up 54.6% since the start of the year.

In the tungsten waste and scrap market, recyclers are pushing for lower prices or pausing purchases in response to trends in the primary ore market, while holders are unwilling to sell at low prices; a significant gap in price expectations between buyers and sellers has led to a trading stalemate.

Scrap tungsten carbide rod price: RMB 680/kg, down 50.4% from its peak but up 13.3% since the start of the year.

Prices of Tungsten Products on July 01, 2026

Tungsten Price Trend from January 2025 to July 2026

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