Views: 0 Author: Site Editor Publish Time: 2025-12-09 Origin: Site
Recently, the Chinese tungsten market has remained at a high level, with market sentiment showing significant divergence.
Some companies actively follow the upward trend to secure supply resources; some maintain a cautious watch; and others temporarily withdraw from the market. Overall, the market heat shows no obvious signs of abating. However, when the peak will appear, what the peak price will be, and whether turning points will arrive suddenly remain uncertain, resulting in a generally cautious sentiment dominating the industry.
The main drivers behind the current price surge include:
Tight supply of raw materials: Limited high-quality tungsten ore resources directly push up the prices of tungsten powder and tungsten carbide powder.
Capital influence: Market speculation and capital involvement further amplify price fluctuations.
As of this report, the price of tungsten powder is 850 RMB/kg, up 169% compared with the beginning of the year; the price of tungsten carbide powder is 820 RMB/kg, up 163.7% year-to-date. The rise in tungsten carbide prices directly increases the cost of cemented carbide, which further affects the prices of products such as DTH bits, roller cone bits, single-cone bits, cross bits, and threaded bits.
From the demand side, the ability of downstream users to absorb high prices remains uncertain, and the risk of speculation retreat cannot be ignored. Additionally, uncertainties in international political and economic situations add potential variables to future market trends.
QIDELI’s Perspective and Response Strategies
As a company with 30 years of professional drilling tool manufacturing experience, QIDELI has been committed to providing stable, high-quality, and cost-effective drilling tools to clients worldwide. In the current market environment, QIDELI recommends:
Maintaining a stable supply chain to ensure timely raw material procurement;
Responding flexibly to price fluctuations by managing inventory and orders efficiently to reduce cost pressure;
Keeping close communication with clients to jointly explore procurement and inventory strategies, ensuring smooth project progress.
QIDELI will continue to closely monitor market developments and, leveraging its professional expertise, provide clients with practical solutions to navigate complex market conditions steadily.
