Views: 0 Author: Site Editor Publish Time: 2025-12-15 Origin: Site
This Monday, the phenomenon of high tungsten prices continued to intensify, with the overall market maintaining strong momentum. On the one hand, news of year-end maintenance and phased production cuts at mines and smelters further tightened upstream supply. On the other hand, stronger international tungsten prices provided clear support to the domestic market, leading to disorderly price jumps in certain segments.
However, alongside the rapid rise in prices, risks at elevated levels and financial pressure have continued to accumulate. The pace of downstream demand release has slowed, and the market has gradually shown signs of divergence between price and volume. Overall trading sentiment remains tense.
In the tungsten powder market, suppliers show a strong willingness to chase higher prices, while downstream buyers are dominated by risk-avoidance sentiment. The market is currently in a highly sensitive phase, with price fluctuations displaying evident irrational volatility and limited willingness for active transactions.
Tungsten powder price: RMB 940/kg, up 197.5% compared with the beginning of the year
Tungsten carbide powder price: RMB 900/kg, up 189.4% compared with the beginning of the year
Under high-price conditions, the market is mainly characterized by wait-and-see attitudes and small-volume replenishment, with limited support from actual transactions.
As the core raw material for cemented carbide, the continuous increase in tungsten carbide prices has directly driven up the cost of cemented carbide and is gradually being transmitted to the drilling tools manufacturing segment. The products most affected include:
DTH bits (Down-the-Hole bits)
Button bits
Chisel bits and cross bits
Threaded bits and related cemented carbide components
For applications involving complex drilling conditions and hard formations—such as mining, infrastructure construction, water well drilling, and permafrost formations—products face not only rising cost pressure, but also higher requirements for wear resistance, impact resistance, and service life.
As a professional manufacturer with 30 years of experience in drilling tools, QIDELI closely monitors changes in the tungsten raw material market and actively responds through multiple measures:
Optimizing formulations and structural design
While ensuring wear resistance and impact performance, QIDELI continuously optimizes cemented carbide compositions and bit structures to improve material utilization efficiency.
Stabilizing raw material supply channels
By maintaining long-term cooperation with core raw material suppliers, QIDELI reduces the impact of short-term market volatility on delivery schedules and pricing.
Focusing on cost-performance to protect long-term customer value
Amid rising raw material costs, QIDELI remains committed to improving manufacturing efficiency and advancing technology, helping customers achieve a lower cost per meter drilled during high-cost cycles.
Providing selection and procurement recommendations
Based on different geological conditions—such as hard rock, gravel layers, and permafrost—QIDELI recommends more suitable bit models to avoid excessive wear and losses caused by improper selection.
In the short term, the tungsten market is expected to remain in a high-level oscillation pattern, with price volatility and sentiment-driven dynamics coexisting. QIDELI advises downstream customers to view market fluctuations rationally, plan procurement schedules prudently, and maintain close communication with manufacturers that offer stable supply capabilities and strong technical expertise, in order to reduce overall operational risks.
