Ammonium Paratungstate (APT) Prices Test RMB 500,000/ton - October 21, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

The tungsten market is generally in a phase of steady upward movement. Holders are increasingly firm on their pricing, a stance that is gradually translating into actual transactions. Market liquidity and confidence, however, still require further restoration. Yesterday, the guidance price issued by a major enterprise in Jiangxi remained notably robust, providing a boost to market sentiment.

Prices for 55% tungsten concentrate are testing higher levels above RMB 300,000/standard ton. Low-priced resources in the market have noticeably decreased, while downstream smelting enterprises are mainly purchasing on an as-needed negotiated basis, with deals still largely concentrated in rigid restocking.

In the ammonium paratungstate (APT) segment, the atmosphere of holding inventories and reluctance to sell has intensified significantly. Holders’ psychological price levels are approaching RMB 500,000/ton, while downstream players maintain a cautious wait-and-see stance, leaving buyers and sellers in a stalemate.

Psychological price levels for tungsten powder have adjusted toward RMB 750/kg, with tungsten carbide powder transaction prices generally above RMB 700/kg. Market inquiries have been increasing gradually, and some rigid-demand deals are being progressively finalized. Although large-scale volume expansion has not yet materialized, overall sentiment remains relatively positive.

Prices for 70% ferrotungsten are fluctuating around RMB 500,000/ton. Cost-side support has strengthened to some extent, yet steel mills remain cautious in their bidding pace, with a predominantly cautious and wait-and-see market attitude.

Quotations in the tungsten scrap market appear somewhat disordered. During the week, prices for milling-cutter scrap rose rapidly by around 17%. Seller defaults and reluctance to sell have increased, while buyers mainly adopt a cautious wait-and-see approach or engage in quick in-and-out trading.

Prices of Tungsten Products on October 21, 2026

Tungsten Price Trend from January to October 2026

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