Ammonium Paratungstate Stalls at the RMB 600,000/Ton Mark - July 13, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

On Monday, the tungsten market faced downward pressure, with mainstream quotes gravitating toward the latest long-term contract purchase prices set by major listed tungsten enterprises. The price of tungsten concentrate faced a test at the RMB 400,000/ton mark, while the price of ammonium paratungstate (APT) remained stagnant around RMB 600,000/ton, and tungsten powder price fell below the RMB 1 million/ton level.

Overall trading activity in the tungsten market was sluggish, lacking significant volume. Although inquiries increased, actual order placement remained limited, and there was still considerable room for price negotiation. Currently, there are no clear signs of market stabilization; downstream buyers are adopting a cautious "wait-and-see" approach with little willingness to restock. Upstream suppliers lack the momentum to boost the market but are also less inclined to offer further price concessions. Both supply and demand sides remain locked in a tug-of-war within a weak equilibrium, with attention focused on the release of actual demand. Tungsten and cobalt products newly prices as followings.

65% wolframite concentrate price: RMB 415,000/ton, down 60.5% from the peak and 9.8% year-to-date.

65% scheelite concentrate price: RMB 414,000/ton, down 60.5% from the peak and 9.8% year-to-date.

Ammonium Paratungstate (APT): RMB 600,000/ton, down 60.5% from the peak and 10.5% year-to-date.

European APT price: USD 3,000–3,265/mtu (equivalent to RMB 1.799–1.958 million/ton), down 0.2% from the peak, but up 240.5% year-to-date.

Tungsten powder price: RMB 980/kg, down 59.2% from the peak and 9.3% year-to-date.

Tungsten carbide powder price: RMB 930/kg, down 60.3% from the peak and 10.6% year-to-date.

Cobalt powder price: RMB 485/kg, down 16.4% from the high and 6.7% year-to-date.

70% ferrotungsten price: RMB 670,000/ton, down 52.8% from the peak but up 3.1% year-to-date.

European ferrotungsten price: USD 200–210/kg W (equivalent to RMB 949,000–996,000 per ton), down 36.9% from the peak but up 49.1% year-to-date.

Scrap tungsten carbide rod price: RMB 735/kg, down 52.6% from its peak but up 8.1% year-to-date.

Prices of Tungsten Products on July 13, 2026

Tungsten Price Trend from January 2025 to July 2026

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