Tungsten Prices Soften Amid Quiet Trading - October 9, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

China’s tungsten market remains in a weak operating cycle, with overall trading activity subdued. Yesterday, price quotes from an industry organization and a tungsten producer sent a price-stabilization signal, and the market’s downward momentum eased somewhat. However, actual downstream demand feedback remains limited, confidence restoration will take time, and transaction negotiations are generally cautious and under pressure.

The mainstream negotiation range for 55% tungsten concentrate is maintained at RMB 320,000-360,000/standard ton. Expectations diverge between buyers and sellers: holders have shown a stronger willingness to stabilize the market, while purchasers continue to focus on rigid demand and low-price inquiries. This has suppressed actual transactions, leaving the market with a strong wait-and-see sentiment.

Ammonium paratungstate (APT) prices are concentrated in the range of RMB 510,000-540,000/ton. Due to insufficient demand and inverted price pressure, smelters remain largely idle. Market prices are negotiated on a case-by-case basis, and the overall transaction pace is relatively slow. European APT quotes stand at USD 2,700-2,900/mtu (equivalent to RMB 1.60-1.72 million/ton).

Tungsten powder prices are approximately RMB 800-840/kg, while mainstream negotiations for tungsten carbide powder are taking place below RMB 800/kg. Actual market transactions are sparse; sentiment transmission is dragged by both the raw material and demand sides, and traders mostly adopt back-to-back operations to mitigate risk.

70% ferrotungsten is quoted at approximately RMB 570,000/ton. With costs moving lower and steel mills remaining cautious in procurement, the ferrotungsten sector is trading based on prevailing market conditions and immediate demand, keeping the market in a state of weak stability. European ferrotungsten quotes stand at USD 160-165/kg W (equivalent to RMB 750,000-770,000/ton).

The price fluctuation range for tungsten scrap has narrowed somewhat. The market is watching the trend of the tungsten raw material side and the actual consumption levels. Currently, negative factors still dominate, and trading enthusiasm remains insufficient.

Prices of Tungsten Products on October 9, 2026

Tungsten Price Trend from January to October 2026

• < Prev
• Next >