Views: 0 Author: Site Editor Publish Time: 2026-01-08 Origin: Site
The tungsten market has seen a steady increase in prices, driven by a tight supply-demand balance and growing valuations of strategic resources. However, rising prices are putting pressure on the supply chain, as downstream users show limited acceptance of higher raw material costs, resulting in a cautious trading environment. This has led to a decrease in transaction volumes, with the market mainly focusing on stockpiling ahead of the New Year and Spring Festival holidays.
Tungsten Concentrate Market:
The supply situation remains tight, and mining companies are optimistic about the market outlook.
65% Wolframite concentrate: Priced at RMB 475,000/ton.
65% Scheelite concentrate: Priced at RMB 474,000/ton.
Ammonium Paratungstate (APT) Market:
APT prices continue to follow the trend of high upstream prices due to tight supply.
Domestic APT is priced at RMB 695,000/ton.
European APT ranges from USD 900-945/mtu (RMB 557,000-585,000/ton).
Tungsten Powder Market:
Prices fluctuate with upstream costs, and market activity is driven by immediate needs.
Tungsten powder: Priced at RMB 1130/kg.
Tungsten carbide powder: Priced at RMB 1090/kg.
Cobalt powder: Priced at RMB 560/kg.
Ferrotungsten Market:
Production costs have risen, leading to price increases, but downstream enterprises are limiting stockpiling, only replenishing inventory as needed.
70% Ferrotungsten: Priced at RMB 660,000/ton.
European ferrotungsten is priced at USD 133-142/kg W (RMB 651,000-695,000/ton).
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.
