Views: 0 Author: Site Editor Publish Time: 2026-01-21 Origin: Site
The global tungsten market is witnessing a significant price rally, driven by a combination of supply constraints and firm demand, according to the latest analysis from Chinatungsten Online.
Cost Pressure: Tight supply and high prices in the tungsten ore sector are creating rigid cost pressures that are being passed down the supply chain.
Demand Resilience: Despite a cooling in immediate consumption, underlying demand remains strong, allowing alloy and tungsten product manufacturers to raise prices to offset costs.
Confidence Boost: A major Jiangxi tungsten company's recent announcement of significantly increased long-term contract purchase prices has further strengthened market sentiment.
Tungsten Powder: RMB 1240/kg (+14.8%)
Tungsten Carbide Powder: RMB 1200/kg (+15.4%)
65% Wolframite Concentrate: RMB 528,000/ton (+14.8%)
Scrap Tungsten Rod: RMB 730/kg (+21.7%)
This data underscores the industry's strong performance and the increasing value of tungsten products in the global market.
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.
