Ammonium Paratungstate (APT) Prices Remain Stable – August 17, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

On Monday, the tungsten market remained generally stable, characterized by a standoff between supply and demand, sluggish spot trading, and prices fluctuating within a narrow range. Market participants are adopting a wait-and-see approach, with short-term focus shifting to the long-term contract procurement prices set by tungsten enterprises for the second half of the month.

The tungsten concentrate market has shown relative resilience. On the supply side, the release of resources remains generally controlled; prices are supported by holders' strong reluctance to lower quotes, alongside disruptions from factors such as high temperatures and heavy rainfall in the south, as well as wind and flood control measures in certain regions. Smelters faced significant pressure; squeezed by high costs and weak downstream demand, some opted to cut production or suspend operations temporarily, leaving the market in a dilemma regarding price direction. Powder metallurgy enterprises maintained a cautious procurement stance, purchasing primarily to meet immediate needs; overall trading activity was lukewarm, further fueling the wait-and-see sentiment. The tungsten market is currently awaiting signals of a substantial recovery in downstream end-user demand or other directional news; price fluctuations remain limited, with stability prevailing for the time being.

In terms of news, the Ministry of Natural Resources has issued the total control quotas for tungsten mining for 2026 (second batch), though these were not publicly announced online. According to a notice from the Heilongjiang Provincial Department of Natural Resources dated August 11, 2026, the province's second-batch quota for total tungsten mining output in 2026 is 200 tons, allocated to the Yangbishan Iron Mine. Its first-batch quota for 2026 was 100 tons.

Tungsten and cobalt products newly prices as followings.

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

65% scheelite concentrate price: RMB 414,000/standard 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 2,900-3,275/mtu (equivalent to RMB 1.731-1.955 million/ton), down 1.7% from its peak but up 235.6% since the beginning of the year.

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

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

Cobalt powder price: RMB 445/kg, down 23.3% from its high and 14.4% since the beginning of the year.

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

European ferrotungsten price: USD 170-190/kg W (equivalent to RMB 803,000-897,000/ton), down 44.6% from its peak, but up 30.9% since the beginning of the year.

Scrap tungsten carbide rod price: RMB 770/kg, down 50.3% from its peak, but up 13.2% since the beginning of the year.

Prices of Tungsten Products on August 17, 2026

Tungsten Price Trend from January to August 2026

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