Views: 0 Author: Site Editor Publish Time: 2026-01-26 Origin: Site
On Laba Festival, the tungsten market maintains a booming momentum, with prices of all industrial chain links—from raw materials to finished products, alloys and scrap—hitting new highs continuously, according to Chinatungsten Online.
As of press time, key products have seen significant year-to-date increases:
65% wolframite and scheelite concentrates both rise 18.5% to around RMB 544,000-545,000/ton;
ammonium paratungstate (APT) jumps 20.9% to RMB 810,000/ton (European APT up 30.7% year-to-date);
tungsten powder surges 20.4% to RMB 1,300/kg; scrap tungsten rods and drill bits both increase 25.0%.
The continuous price hike is mainly driven by tight supply, including environmental and safety inspections, mining volume controls and holders’ reluctance to sell. In addition, global geopolitical uncertainties, risks to the US dollar credit system and loose monetary policies in many countries have boosted tungsten’s appeal as a strategic metal to safe-haven and investment funds, highlighting its financial attribute impact.
Rising Hard Alloy Costs Create Pressure for the Drilling Tools Industry
As tungsten carbide powder prices continue climbing, the cost of producing hard alloys is rising in parallel.
Tungsten carbide is one of the core materials used in the drilling tools industry, and cost increases directly affect the following products:
DTH drill bits
Button bits
Chisel bits
Cross bits
Threaded bits
PDC products that include a hard-alloy matrix
For manufacturers, high raw material prices are compressing profit margins and forcing an adjustment in product pricing structures across the industry.
QIDELI Outlook: Industry Trends in a High-Cost Era
Based on feedback across the supply chain, there is still no clear sign of price correction in the short term.
Tight resource availability, strong market sentiment, and active capital inflows together indicate that tungsten prices will remain at elevated levels.
Against this backdrop, the drilling tools industry is expected to enter:
A cost-sensitive period
A product restructuring period
A phase of rising demand for high-quality products
QIDELI will continue to closely monitor upstream raw material price changes and provide clients with timely market insights and professional guidance.
QIDELI remains committed to quality-first principles, maintaining high standards in raw material sourcing and production process control.
Even in volatile market conditions, QIDELI will ensure stable product quality and reliable supply—a promise we uphold for our global customers as we face this new industry cycle together.
