Views: 0 Author: Site Editor Publish Time: 2026-02-27 Origin: Site
On the first working day after the Spring Festival holiday, the tungsten market ushered in a strong price surge, with tungsten carbide powder leading the upward trend and attracting widespread attention from the industry.
According to the latest tungsten market analysis, tungsten prices have risen rapidly and strongly since the resumption of work after the Spring Festival, disrupting the market pricing system. Among them, tungsten carbide powder, a core product in the tungsten industry chain, has seen a significant price jump, reaching RMB 1,820 per kilogram, a year-to-date increase of 76.0%.
The market performance shows that spot high-price quotes are frequent, but the actual available supply is limited. Holders are reluctant to sell in anticipation of further price increases, while buyers adopt a wait-and-see attitude due to increased cost pressure, resulting in sluggish overall trading. However, the sharp surge in tungsten carbide prices on the first working day after the holiday has become a key focus of the current market, laying the tone for the short-term tungsten market trend.
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.
