Prices of Wolframite Concentrate and Tungsten Powder Lowered - September 3, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices overall showed a pressured and weak trend. The quotation for 65% wolframite concentrate was adjusted to approximately RMB 416,000/standard ton; ammonium paratungstate (APT) prices hovered around the cost line of RMB 595,000/ton; and tungsten powder and tungsten carbide powder prices were negotiated at around RMB 900/kg and RMB 850/kg, respectively.

Industry insiders pointed out that the previous month-long consolidation failed to effectively stimulate downstream consumption, and coupled with the unfulfilled expectations of the peak season in September, some holders' willingness to cash out increased. At the same time, the market's inventory digestion capacity remained weak, procurement enthusiasm was insufficient, transactions at high prices became more difficult, and the actual negotiation center of gravity clearly tilted toward the lower end of the range.

However, policy and supply constraints still provided a bottom support for prices. Factors such as mining volume control, environmental protection and safety inspections, and trade tax invoice compliance requirements limited the supply elasticity of ore and tungsten scrap resources to a certain extent, and the overall downside room for tungsten prices remained limited. In the short term, tungsten prices are expected to continue to fluctuate weakly within a range, with market attention focused on the intensity of safety management controls at mines and smelters around the National Day holiday, and whether downstream restocking pace can substantially improve.

Prices of Tungsten Products on September 3, 2026

Tungsten Price Trend from January to September 2026

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