Views: 0 Author: Site Editor Publish Time: 2026-01-15 Origin: Site
The global tungsten market remains firm, underpinned by a tightening supply side and producers' reluctance to sell.
However, high costs have constrained downstream demand, leading to cautious stockpiling ahead of the Spring Festival and limited liquidity.
The scrap market is mixed, with trading sentiment fluctuating due to profit-taking and funding pressures.
Notably, increasing global geopolitical and economic uncertainties are prompting stricter regulations on key mineral resources worldwide, introducing potential cost and trade policy variables for tungsten and its alloys.
Current Key Prices (as of press time):
APT: RMB 745,000/ton (Europe: USD 950-987/mtu)
Tungsten Powder: RMB 1,200/kg
Tungsten Carbide Powder: RMB 1,160/kg
70% Ferrotungsten: RMB 710,000/ton (Europe: USD 133-142/kg W)
Scrap Drill Bits: RMB 690/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.
