Views: 0 Author: Site Editor Publish Time: 2026-03-11 Origin: Site
Tungsten prices continue their record-breaking rally, with major raw material costs now more than 7 times early-2025 levels (China Tungsten Online). The market is characterized by tight supply, high quotations, and thin trading as scarcity lifts offers while steep costs restrain deals.
Sellers hold back inventory, fearing to miss further gains, while buyers adopt caution, restocking only for immediate needs to limit financial risk. Cash flow strain is widespread across the supply chain, with sentiment mixed between reluctance to sell, fear of highs, and wait-and-see.
65% Wolframite Concentrate: 1.03 million yuan/mt (+123.9% YTD)
65% Scheelite Concentrate: 1.029 million yuan/mt (+124.2% YTD)
Ammonium Paratungstate (APT): 1.50 million yuan/mt (+123.9% YTD)
European APT: 2,000–2,195 USD/mtu (+128.0% YTD)
Tungsten Powder: 2,360 yuan/kg (+118.5% YTD)
Tungsten Carbide Powder: 2,300 yuan/kg (+121.2% YTD)
Cobalt Powder: 580 yuan/kg (+11.5% YTD)
70% Ferrotungsten: 1.40 million yuan/mt (+115.4% YTD)
European Ferrotungsten: 270–289 USD/kg W (+103.3% YTD)
Tungsten Scrap (Rod): 1,370 yuan/kg (+128.3% YTD)
Tungsten Scrap (Drill Bits): 1,370 yuan/kg (+136.2% YTD)
