Views: 0 Author: Site Editor Publish Time: 2025-12-17 Origin: Site
Recently, the tungsten market has continued its strong upward trend. As of this report, tungsten powder is priced at 1,000 RMB/kg, up 216.5% from the beginning of the year; tungsten carbide powder is priced at 960 RMB/kg, up 208.7% year-to-date.
Market Supply Analysis
The upstream supply remains tight due to declining ore grades and limited new mine production. Strict enforcement of environmental and safety regulations has further constrained compliant mining activities. Year-end maintenance and production cuts at mining and smelting enterprises have further reduced the availability of spot resources.
Market Demand Analysis
External capital inflows have significantly boosted speculative demand, but high prices have also increased market risk. Actual consumption shows divergence:
High value-added sectors and areas without suitable alternative materials maintain relatively stable demand for tungsten raw materials.
Some intermediate product manufacturers and traditional alloy processing companies face significant cost and financial pressures, leading to cautious purchasing behavior. Many execute orders on a case-by-case basis, while some orders are delayed or suspended.
The overall market sentiment is complex:
Bullish factors: supply tightening, resilient demand, strategic demand, and capital inflows.
Cautious factors: high price risks, suppressed actual demand, external uncertainties, and year-end financial pressures.
Impact of Tungsten Prices on the Drilling Tool Industry
Rising tungsten carbide prices directly increase the cost of cemented carbide, which gradually transfers to drilling tool products. Affected products include:
DTH (Down-the-Hole) bits
Roller cone bits
Straight bits and cross bits
Threaded bits and related cemented carbide components
In mining, infrastructure, water well, and high-strength rock conditions, drilling tools face not only rising costs but also higher demands for wear resistance, impact resistance, and service life.
QIDELI Response Strategies
As a professional drilling tool manufacturer with 30 years of experience, QIDELI closely monitors tungsten market dynamics and has implemented the following measures to cope with high-cost cycles:
Optimize carbide formulas and bit structures: Improve material utilization efficiency and extend product lifespan while ensuring wear and impact resistance.
Stabilize raw material supply chains: Maintain long-term cooperation with key suppliers to reduce the impact of short-term market fluctuations on production and delivery.
Focus on cost-effectiveness: Through process upgrades and lean management, help customers reduce per-meter drilling costs.
Provide selection and technical support: Recommend the most suitable drilling tool solutions based on geological conditions to minimize unnecessary wear.
Market Outlook
In the short term, the tungsten market is expected to remain at high levels with volatile fluctuations. QIDELI advises downstream customers to rationally assess market changes, plan procurement strategically, and maintain close communication with manufacturers that have strong technical capabilities and stable supply chains, thereby reducing operational risks and protecting long-term benefits.
