Tungsten Market Holds Steady Amid Wait-and-See Sentiment - July 15, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices are currently holding steady, with the prices of tungsten concentrate and ammonium paratungstate (APT) remaining deadlocked at RMB 400,000/ton and RMB 600,000/ton, respectively. While there is insufficient momentum for a short-term market reversal, the willingness to stabilize the market has strengthened. Buyers and sellers remain locked in a standoff, and market liquidity stays limited.

Regarding supply and demand, the market remains in a tug-of-war where supply is relatively ample and demand-side pressure keeps prices in check. On the supply side, there is still room for price concessions due to inventory pressure and the need for capital turnover; however, holders are becoming less willing to lower prices further, given cost pressures and expectations of a premium based on the metal's strategic value. On the demand side, purchasing sentiment remains cautious, with activity largely centered on small-volume orders to meet immediate needs. While inquiry activity has picked up recently, it has yet to drive significant actual transaction volume.

Against this backdrop, it will take time for market confidence to recover. Tungsten prices are likely to fluctuate within a narrow range in the short term, while the industry continues to monitor shifts in supply-demand dynamics and other market-moving news.

65% wolframite concentrate price: RMB 405,000/ton, down 61.4% from its peak and 12.0% since the beginning of the year.

65% scheelite concentrate price: RMB 404,000/ton, down 61.5% from its peak and 12.0% in 2026.

Ammonium Paratungstate (APT) price: RMB 600,000/ton, down 60.5% from its peak and 10.5% in 2026.

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% in 2026.

Tungsten powder price: RMB 970/kg, down 59.6% from its peak and 10.2% in 2026.

Tungsten carbide powder price: RMB 920/kg, down 60.7% from its peak and 11.5% in 2026.

Cobalt powder price: RMB 485/kg, down 16.4% from its high and 6.7% in 2026.

70% ferrotungsten price: RMB 660,000/ton, down 53.5% from its peak but up 1.5% in 2026. 

European ferrotungsten price: USD 200-210/kg W (equivalent to RMB 949,000-996,000/ton), down 36.9% from its peak but up 49.1% in 2026.

Scrap tungsten carbide rod price: RMB 712/kg, down 54.1% from its peak but up 4.7% in 2026.

Prices of Tungsten Products on July 15, 2026

Tungsten Price Trend from January 2025 to July 2026

• < Prev
• Next >