Views: 0 Author: Site Editor Publish Time: 2026-03-06 Origin: Site
The tungsten market surged in the week ending March 6, 2026, driven by tight supply and its strengthened strategic resource status amid global geopolitical tensions. Jiangxi's upward price forecasts and major producers' firm long-term contract prices boosted market confidence, easing hesitation in the tungsten scrap market.
Yet the price rally has exceeded historical trends, and lingering macroeconomic and geopolitical uncertainties have sparked a fierce long-short game among players. China's supportive 2026 fiscal and monetary policies offered a favourable macro backdrop for the market.
65% black tungsten concentrate was priced at RMB 920,000 per standard ton, up 16.5% week-on-week and 100.0% year-to-date; 65% white tungsten concentrate stood at RMB 919,000 per standard ton, rising 16.5% week-on-week and 100.2% from the start of the year.
Ammonium Paratungstate (APT) hit RMB 1.36 million per ton, a 16.2% weekly jump and a 103.0% year-to-date increase; European APT prices ranged from 1,890 to 1,998 USD per ton unit (equivalent to RMB 1.155 million to 1.221 million per ton), up 9.5% week-on-week and 111.3% year-to-date.
Tungsten powder was quoted at RMB 2,160 per kg (14.9% week-on-week, 100.0% year-to-date) and tungsten carbide powder at RMB 2,100 per kg (15.4% week-on-week, 102.0% year-to-date).
Ferrotungsten (70%) reached RMB 1.3 million per ton, surging 18.2% week-on-week and 100.0% year-to-date; European ferrotungsten prices were between 220 and 270 USD per kg of tungsten (RMB 1.063 million to 1.305 million per ton), up 15.0% week-on-week and 78.2% year-to-date.
Scrap tungsten rods and scrap tungsten drill bits saw the most dramatic gains, at RMB 1,320 per kg (26.9% week-on-week, 120.0% year-to-date) and RMB 1,300 per kg (27.5% week-on-week, 124.1% year-to-date) respectively.
