Views: 0 Author: Site Editor Publish Time: 2025-12-16 Origin: Site
Recently, the tungsten market has shown a clear accelerated upward trend, with single-day increases reaching 4%–7%, and market sentiment continuing to heat up. As of the time of writing, tungsten concentrate prices have broken through RMB 400,000 per ton, APT prices have exceeded RMB 600,000 per ton, and tungsten powder prices are approaching the RMB 1,000 per kilogram threshold, significantly intensifying end-of-year market tension.
From the supply side, the market’s expectation of tightening supply has continued to strengthen due to phased production suspensions and maintenance at mines and smelters, as well as sellers’ reluctance to sell. Limited inventory replenishment demand has been released in a concentrated manner, further driving tungsten prices higher.
However, as prices rise rapidly, financial pressure and high-level risks are increasing simultaneously. Approaching year-end, downstream companies generally face pressures related to receivables and financial settlements, which has clearly constrained their purchasing capacity and willingness. Actual transactions are mainly based on long-term contract execution and sporadic replenishment, with overall market trading becoming increasingly cautious. Industry insiders point out that the magnitude of tungsten price increases this year has clearly exceeded the support of real end-user consumption fundamentals, with speculative demand becoming a major driving force. As year-end capital-driven dynamics intensify, market uncertainty continues to expand, and operational risks warrant close attention.
Tungsten Powder and Tungsten Carbide Powder Prices Reach New Highs
As of the time of writing:
Tungsten powder price: RMB 990/kg, up 213.3% compared with the beginning of the year
Tungsten carbide powder price: RMB 940/kg, up 202.3% compared with the beginning of the year
Under high-price conditions, market wait-and-see sentiment remains strong, price volatility has intensified, and transaction activity has slowed significantly.
Rising Raw Material Costs Are Gradually Affecting Drilling Tool Prices
As the core raw material for cemented carbide, the sharp and continuous increase in tungsten carbide prices has directly driven up manufacturing costs and is gradually being passed on to downstream drilling tools. The products most affected include:
DTH bits
Button bits
Chisel bits and cross bits
Threaded bits and related cemented carbide components
In applications such as mining, infrastructure construction, water well drilling, and other high-strength rock formations, drilling tools face not only rising cost pressure, but also higher requirements for wear resistance, impact resistance, and service life. Pure low-price competition is no longer sufficient to meet market demands.
QIDELI’s Perspective: Addressing the High-Cost Cycle Through Technical Strength and Supply Chain Stability
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 to industry challenges through multiple measures:
Continuous optimization of cemented carbide formulations and bit designs
While ensuring wear resistance and impact performance, QIDELI improves material utilization efficiency and extends product service life.
Building a stable, long-term raw material supply system
Through long-term cooperation with core raw material suppliers, QIDELI reduces the impact of short-term market volatility on production and delivery.
Maintaining a focus on cost-performance to create long-term value for customers
Amid sharply rising raw material costs, QIDELI helps customers reduce cost per meter drilled through manufacturing process upgrades and lean production management.
Providing more targeted product selection and technical support
Based on different geological conditions—such as hard rock, gravel layers, and highly abrasive formations—QIDELI recommends more suitable drilling tool solutions to minimize unnecessary wear and losses.
Market Outlook
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 rationally assess market changes, plan procurement schedules prudently, and maintain close communication with manufacturers that possess strong technical capabilities and stable supply capacity, in order to effectively cope with the challenges brought by the high-cost cycle.
