Wolframite Concentrate Price Raised - July 20, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

On Monday, tungsten prices remained stable as market participants adopted a wait-and-see approach. While some quotes tested higher levels, actual transaction volumes remained limited. 

Stakeholders across the industry chain are facing a dual challenge: the limits of cost tolerance and the reality of actual demand. Market sentiment remains divided, with attention focused on the upcoming long-term procurement prices from major tungsten enterprises and the release of June import/export data for tungsten products.

In the tungsten raw material market, supply is highly concentrated, and holders are reluctant to sell at low prices, providing a floor supported by costs. However, downstream procurement cycles have lengthened, and buyers are strongly inclined to wait and see. Transactions are driven primarily by essential needs, with no signs of significant volume surges. Amidst this market standoff, liquidity is tight and short-term direction is unclear, pending further news.

The tungsten scrap market is currently driven more by sentiment than by confirmed transactions. Holders of high-cost inventory are unwilling to sell at lower prices, and recent signals of raw material prices bottoming out have pushed market quotes upward. Conversely, buyers are largely adopting a wait-and-see stance in the face of frequent price fluctuations, limiting the potential for increased trading volume. Tungsten and cobalt products newly prices as followings.

65% wolframite concentrate price: RMB 415,000/ton, down 60.5% from its peak and 9.8% since the start of the year.

65% scheelite concentrate price: RMB 414,000/ton, down 60.5% from its peak and 9.8% since the start of the year.

Ammonium paratungstate (APT) price: RMB 610,000/ton, down 59.9% from its peak and 9.0% since the start of the year.

European APT price: USD 3,000-3,265/mtu (equivalent to RMB 1.799-1.958 million/ton), down 0.24% from its peak and up 240.5% since the start of the year.

Tungsten powder price: RMB 975/kg, down 59.4% from its peak and 9.7% since the start of the year.

Tungsten carbide powderprice: RMB 925/kg, down 60.5% from its peak and 11.1% since the start of the year.

Cobalt powder price: RMB 470/kg, down 19.0% from its high and 9.6% lower than at the start of the year.

70% ferrotungsten price: RMB 660,000/ton, down 53.5% from its peak but up 1.5% since the start of the year.

European ferrotungsten price: USD195-210/kg W (equivalent to RMB 925,000-996,000/ton), down 37.7% from its peak but up 47.3% since the start of the year.

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

Prices of Tungsten Products on July 20, 2026

Tungsten Price Trend from January 2025 to July 2026

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