Tungsten Scrap Prices Rise - October 26, 2026

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices remained firm overall on Monday. Signals from the raw material sector point toward a strengthening market, with cost support gradually filtering through to midstream and downstream segments. Market liquidity has improved, though transactions remain largely limited to small volumes. In the near term, the focus is on the finalized long-term procurement prices from major tungsten enterprises.

Quotes for tungsten concentrate are holding in the range of RMB 310,000-330,000/standard ton. Following a significant downward adjustment in the previous period, both mines and traders have become more reluctant to sell, opting instead to support prices. With low-priced supply dwindling, the market is seeing an upward trend despite a degree of stagnation in actual trading.

Ammonium paratungstate (APT) prices are hovering around RMB 500,000-530,000/ton. The market is largely in a wait-and-see mode, anticipating the new round of long-term procurement prices from major players. While bullish sentiment dominates the short-term outlook, the specific magnitude of any price increases remains to be seen.

Tungsten powder is quoted at RMB 740-770/kg, while tungsten carbide powder is at 700-730/ton. Supported by strong cost factors, prices remain firm across the board. Downstream interest in restocking has picked up, leading to an increase in small-scale transactions, though a cautious approach continues to limit large-scale inventory replenishment.

The market for tungsten scrap is highly sensitive, reacting readily to external developments. Recently, the firm sentiment surrounding primary raw materials has triggered speculative price increases. Driven by market sentiment, the risk of price volatility has also risen.

Prices of Tungsten Products on October 26, 2026

Tungsten Price Trend from January to October 2026

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