Tungsten Market Demand Under Pressure – July 8, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices remain under pressure amidst generally weak consumption; market trading is at a stalemate, with bargaining power leaning toward buyers. While the supply side faces pressure to lower prices, caution prevails regarding quotes and shipments due to resource conservation and cost considerations.

Current downward pressure on demand stems from factors such as raw material costs, market sentiment, seasonality, and the macroeconomic environment. On one hand, cost pressures—including raw material procurement costs and a declining ratio of alloy residual value to acquisition cost—have significantly raised actual usage costs, dampening end-user willingness to purchase. On the other hand, market sentiment plays a role; amidst a sustained price downtrend, downstream players and traders are lowering inventory levels and delaying purchases to mitigate risk, thereby suppressing trading activity. Additionally, seasonal factors and the macroeconomic and political climate are influencing both current demand and future market outlooks.

Despite weak demand, tungsten prices have not plummeted, primarily due to the resilience of the supply side. As a critical strategic resource, tungsten is subject to production controls; combined with stricter environmental and safety regulations and declining ore grades, supply elasticity is limited. Consequently, miners remain cautious about price concessions and show no immediate intention of large-scale sell-offs. However, limited orders mean buyers are unwilling to accept high-priced raw materials. This psychological tug-of-war in the market exacerbates the current sluggish trading environment.

65% wolframite concentrate: RMB 455,000/ton, down 56.7% from its peak and 1.1% since the beginning of the year.

65% scheelite concentrate: RMB 454,000/ton, down 56.7% from its peak and 1.1% since the beginning of the year.

Ammonium paratungstate (APT): RMB 660,000/ton, down 56.6% from its peak and 1.5% since the beginning of the year.

European APT: USD 3,000-3,265/mtu (equivalent to RMB 1.802–1.961 million/ton), down 0.2% from peak peak but up 240.5% since the beginning of the year.

Tungsten powder: RMB 1,050/kg, down 56.3% from its peak and 2.8% since the beginning of the year.

Tungsten carbide powder: RMB 1,000/kg, down 57.3% from its peak and 3.9% since the beginning of the year.

Cobalt powder: RMB 500/kg, down 13.8% from its high and 3.9% since the beginning of the year. 

70% ferrotungsten: RMB 700,000/ton, down 50.7% from its peak but up 7.7% since the beginning of the year.

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% since the start of the year.

Scrap tungsten carbide rod: RMB 760/kg, down 51.0% from the peak but up 11.8% since the beginning of the year.

Prices of Tungsten Products on July 08, 2026

Tungsten Price Trend from January 2025 to July 2026

• < Prev
• Next >