APT and Tungsten Carbide Powder Prices Temporarily Stable - July 22, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices are currently holding steady, while the supply-demand mismatch persists. Market participants remain cautious, negotiations are deadlocked, and overall trading activity remains subdued.

According to China Tungsten Online, as raw material prices have bottomed out and stabilized, some downstream enterprises have released orders for essential restocking, leading to a slight uptick in market inquiries compared to the previous period. However, actual transactions are primarily conducted on a "back-to-back" basis, with enterprises preferring to match supply with demand to control risk. Currently, while the supply side shows a stronger intent to support prices, the demand side lacks sufficient momentum for substantial improvement during the off-season. The pace of inventory destocking is slow, and with no strong drivers for short-term price movements, the market is largely adopting a wait-and-see stance amidst cautious maneuvering. 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% year-to-date.

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

Ammonium paratungstate (APT) price: RMB 610,000/ton, down 59.9% from its peak and 9.0% year-to-date.

European APT price: USD 3,000-3,279/mtu (equivalent to RMB 1.796-1.963 million/ton), down 0.02% from its peak but up 241.3% year-to-date.

Tungsten powder price: RMB 975/kg, down 59.4% from its peak and 9.7% year-to-date.

Tungsten carbide powder price: RMB 925/kg, down 60.5% from its peak and 11.1% year-to-date.

Cobalt powder price: RMB 470/kg, down 19.0% from its high and 9.6% year-to-date.

70% ferrotungsten price: RMB 660,000/ton, down 53.5% from its peak but up 1.5% year-to-date.

European ferrotungsten price: USD195-210/kg W (equivalent to RMB 923,000-995,000/ton), down 37.7% from its peak but up 47.3% year-to-date.

Scrap tungsten carbide rod price: RMB 760/kg, down 51.0% from its peak but up 11.8% year-to-date.

Prices of Tungsten Products on July 22, 2026

Tungsten Price Trend from January 2025 to July 2026

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