Tungsten Market: Raw Materials Surge to New Highs, Scrap Market Cautious Amid Heightened Volatility – March 12, 2026
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Tungsten Market: Raw Materials Surge to New Highs, Scrap Market Cautious Amid Heightened Volatility – March 12, 2026
Views: 0 Author: Site Editor Publish Time: 2026-03-12 Origin: Site
March 12, 2026 | Tungsten prices remain at elevated levels, with raw material costs rising sharply day by day while the scrap tungsten segment adopts a wait-and-see stance amid growing market uncertainty, according to a survey by Chinatungsten Online.
Bullish sentiment is driven by tight tungsten ore supply and strategic revaluation of critical minerals on a global scale. However, concerns mount that the sustained rally lacks incremental support from tangible end-user demand. Strategic and financial allocation flows remain susceptible to macroeconomic, geopolitical shifts and investor sentiment, amplifying downside risks and market sensitivity as prices climb further.
Industry players note rising entry barriers, with both opportunities and challenges coexisting in the industrial chain, calling for prudent risk management.
Key Price Quotations (As of Press Time)
65% Wolframite Concentrate: RMB 1,050,000 per metric ton (+128.3% YTD)
65% Scheelite Concentrate: RMB 1,049,000 per metric ton (+128.5% YTD)
APT: RMB 1,520,000 per ton (+126.9% YTD)
European APT: USD 2,000–2,195 per mtu (RMB 1,217,000–1,336,000 per ton, +128.0% YTD)
Tungsten Powder: RMB 2,400 per kg (+122.2% YTD)
Tungsten Carbide Powder: RMB 2,340 per kg (+125.0% YTD)
70% Ferrotungsten: RMB 1,420,000 per ton (+118.5% YTD)
European Ferrotungsten: USD 270–289 per kg W (RMB 1,299,000–1,391,000 per ton, +103.3% YTD)
Scrap Tungsten Rod/Drill Bits: RMB 1,370 per kg (+128.3%/+136.2% YTD)
