Views: 0 Author: Site Editor Publish Time: 2025-12-24 Origin: Site
As Christmas Eve arrives and Christmas approaches,
QIDELI extends its sincere holiday greetings to our global partners. May you enjoy peace, joy, and success in all that you do.
Meanwhile, developments in the tungsten market continue to draw close attention across the industry.
After a period of sharp and sustained increases, tungsten prices have recently shown signs of a temporary slowdown. This is mainly due to profit-taking at high price levels, which has led to a moderation in short-term trading activity.
However, from a fundamental perspective, the tight supply situation of primary tungsten raw materials has not changed substantially. Supported by constrained resource availability, elevated production costs, and market expectations, short-term sentiment remains predominantly bullish. As year-end approaches, opinions in the market differ on whether prices can further break through key resistance levels. Transactions are currently dominated by small, sporadic restocking orders, while overall wait-and-see sentiment remains strong.
As of the time of publication:
Tungsten powder is priced at RMB 1,080/kg, up 241.8% compared with the beginning of the year;
Tungsten carbide powder is priced at RMB 1,040/kg, up 234.4% compared with the beginning of the year.
Tungsten carbide is the core raw material for cemented carbide. Its sustained high price levels have directly driven up overall cemented carbide manufacturing costs. This cost pressure is gradually being passed on to finished drilling tools, with particularly notable impacts on the following products:
Down-the-Hole (DTH) Bits
Button Bits
Chisel Bits and Cross Bits
Thread Button Bits
As a company with many years of experience in drilling tool manufacturing, QIDELI clearly feels the ongoing impact of raw material cost fluctuations on production planning, inventory management, and pricing strategies. Under current market conditions, the drilling tools industry is gradually entering a phase of “normalized high costs,” placing higher demands on manufacturers’ supply chain management, process optimization, and cost control capabilities.
In response to continued volatility in tungsten and cemented carbide costs, QIDELI remains committed to:
Optimizing raw material procurement structures to enhance supply chain stability
Improving manufacturing processes and quality control to increase the efficiency of cemented carbide utilization
Delivering more cost-effective solutions for our customers while ensuring product performance and service life
We also recommend that our partners plan their procurement schedules rationally, closely monitor market developments, and lock in key product requirements in advance to mitigate potential price fluctuation risks.
QIDELI will continue to closely monitor the tungsten market and drilling tools industry, and will provide timely professional insights and market analysis.
