Tungsten Powder Price Declines - July 6, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

On Monday, Chinese tungsten prices remained weak; the market was characterized by a standoff and a wait-and-see attitude, with sluggish trading activity.

The tungsten raw material market is under evident pressure, caught between weak demand and divergent market sentiment, with liquidity remaining low. On one hand, downstream cemented carbide and product manufacturers are limiting purchases to immediate needs, showing little willingness to actively build inventory. On the other hand, upstream holders are balancing cost and capital pressures, leading to relatively softer price quotes.

The tungsten scrap market has seen a localized rebound from the bottom, though the sustainability of this trend remains to be seen. Holders are reluctant to sell at low prices, as it is difficult to absorb the costs of positions established at previous highs, and the residual value of used alloys has fallen short of expectations. Meanwhile, influenced by bearish sentiment from the raw material sector and limited downstream consumption momentum, recyclers are unwilling to purchase at high prices.

Tungsten and cobalt products newly prices as followings.

65% wolframite concentrate: RMB 470,000/ton, down 55.2% from its peak, but up 2.2% since the beginning of the year.

65% scheelite concentrate: RMB 469,000/ton, down 55.3% from its peak, but up 2.2% in 2026.

Ammonium paratungstate (APT): RMB 700,000/ton, down 54.0% from its peak, but up 4.5% in 2026.

European APT: USD 3,000-3,265/mtu (equivalent to RMB 1.802-1.961 million/ton), down 0.2% from its peak, but up 240.5% in 2026.

Tungsten powder: RMB 1,080/kg, down 55.0% from its peak and unchanged from the beginning of the year.

Tungsten carbide powder: RMB 1,030/kg; down 56.0% from its peak and down 1.0% in 2026.

Cobalt powder: RMB 500/kg; down 13.8% from its year-to-date peak and down 3.9% in 2026.

70% ferrotungsten: RMB 730,000/ton, down 48.6% from its peak, but up 12.3% in 2026.

European ferrotungsten: USD 205-220/kg W (equivalent to RMB 974,000-1,045,000/ton), down 34.6% from its peak but up 54.6% in 2026.

Scrap tungsten carbide rod: RMB 780/kg, down 49.7% from its peak but up 14.7% since the start of the year.

Prices of Tungsten Products on July 06, 2026

Tungsten Price Trend from January 2025 to July 2026

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