Views: 0 Author: Site Editor Publish Time: 2026-01-13 Origin: Site
Tungsten prices have maintained a strong upward trend, driven by tight supply, strategic value reassessment and speculative sentiment, according to the latest market analysis from Chinatungsten Online.
In the tungsten concentrate segment, bullish sentiment prevailed among holders amid strategic resource premium, leading to tight supply. The price of 65% wolframite concentrate stood at RMB 498,000/ton, and 65% scheelite concentrate at RMB 497,000/ton.
For tungsten powder market, cost increases and shrinking supply led to general caution among market participants, with low trading activity and prices negotiated on a case-by-case basis. Tungsten powder was priced at RMB 1,170/kg, tungsten carbide powder at RMB 1,130/kg, and cobalt powder at RMB 570/kg.
Ferrotungsten prices rose amid supply and cost fluctuations, while demand remained relatively limited, with the market adjusting in line with the industry chain pace. 70% ferrotungsten was RMB 690,000/ton in China, and European ferrotungsten ranged from USD 133-142/kg W (equivalent to RMB 649,000-693,000/ton).
In the tungsten waste and scrap market, high tungsten prices boosted the recycling sector, but actual price negotiations remained cautious due to market uncertainty and financial pressures, restricting overall transaction activity. Scrap tungsten rods were priced at RMB 700/kg, and scrap tungsten drill bits at RMB 680/kg.
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.
