Views: 0 Author: Site Editor Publish Time: 2026-02-11 Origin: Site
As the Spring Festival draws near, China’s tungsten market has stepped into the holiday cycle, with price increase momentum slowing and trading activity weakening. Most enterprises have adopted a wait-and-see attitude, though the recent adjustment of long-term raw material prices by listed tungsten companies in Guangdong has boosted confidence at the tungsten ore end.
Key market data as of press time shows that major tungsten products have maintained substantial year-to-date gains: 65% wolframite concentrate and scheelite concentrate are priced at RMB 697,000/ton and RMB 696,000/ton respectively, up over 51% year-on-year; ammonium paratungstate (APT) stands at RMB 1,020,000/ton, a year-to-date increase of 52.2%; tungsten powder and tungsten carbide powder have risen by 57.4% and 58.7% respectively since the start of the year. Meanwhile, European APT, ferrotungsten, and domestic scrap tungsten products also recorded significant year-to-date growth of 34.9% to 49.5%.
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.
