Views: 0 Author: Site Editor Publish Time: 2026-01-20 Origin: Site
As reported by Chinatungsten Online, tungsten prices maintain a strong upward trend, though transactions are constrained by high costs and the approaching Spring Festival atmosphere, with market activities focusing cautiously on rigid demand. Short-term supply-demand game has intensified, while Jiangxi-based key tungsten enterprises’ latest quotations with significant price hikes have boosted market sentiment.
In terms of key products, prices across the tungsten industry chain have seen notable year-to-date increases. 65% wolframite concentrate and scheelite concentrate are priced at RMB 520,000/ton and RMB 519,000/ton respectively, up 13.0% and 13.1% YoY. Domestic APT stands at RMB 760,000/ton (up 13.4% YoY), while European APT ranges from USD 987-1050/mtu (up 10.7% YoY). Tungsten powder and tungsten carbide powder are quoted at RMB 1,230/kg (up 13.9% YoY) and RMB 1,190/kg (up 14.2% YoY), with cobalt powder at RMB 580/kg (up 11.5% YoY).
For ferrotungsten, 70% domestic ferrotungsten is RMB 725,000/ton (up 11.5% YoY), and European ferrotungsten is USD 140-145/kg W (up 3.6% YoY), with weak transactions due to limited downstream steel industry demand. In the tungsten waste and scrap market, participants hold divided attitudes; some traders cash in at high prices ahead of the Spring Festival, improving liquidity but keeping overall operations cautious. Scrap tungsten rods and drill bits are priced at RMB 720/kg (up 20.0% YoY) and RMB 695/kg (up 19.8% YoY) respectively.
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.
