Tungsten Market Update: March 9, 2026 - Domestic and International Prices Surge in Tandem, Tungsten Scrap Holders Wait for Further Gains
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Tungsten Market Update: March 9, 2026 - Domestic and International Prices Surge in Tandem, Tungsten Scrap Holders Wait for Further Gains
Views: 0 Author: Site Editor Publish Time: 2026-03-09 Origin: Site
On Monday, March 9, 2026, the global tungsten market continued its strong upward momentum, with prices hitting new highs repeatedly. The robust trend, which has seen prices double in just over two months, shows no sign of abating, as domestic and international tungsten prices surge in tandem, according to market research from China Tungsten Online.
Driven by the firm sentiment in the tungsten raw material market, holders of tungsten scrap have become less willing to cash out, and the sentiment of holding stocks to wait for higher prices has intensified. Industry insiders surveyed by China Tungsten Online believe that the overall strong pattern of tungsten prices will continue, supported by limited supply growth, rigid demand, the revaluation of tungsten’s strategic attributes and the intervention of speculative funds. However, they also warn of the risk of a cyclical correction brought about by the sharp short-term gains, advising market participants to maintain rationality amid fluctuations.
The tungsten price bull market has attracted widespread attention. On the evening of Sunday, CCTV Finance Channel cited data from China Tungsten Online to conduct a detailed and multi-angle report on the rise in tungsten prices and its impacts.
As of press time, the latest price quotes and year-to-date gains are as follows:
65% Wolframite Concentrate: RMB 935,000 per standard ton, up 103.3% from the start of the year.
65% Scheelite Concentrate: RMB 934,000 per standard ton, up 103.5% from the start of the year.
Ammonium Paratungstate (APT): RMB 1.39 million per ton, up 107.5% from the start of the year.
European APT: USD 2,000-2,195 per ton-unit (equivalent to RMB 1.226-1.345 million per ton), up 128.0% from the start of the year.
Tungsten Powder: RMB 2,210 per kilogram, up 104.6% from the start of the year.
Tungsten Carbide Powder: RMB 2,150 per kilogram, up 106.7% from the start of the year.
Cobalt Powder: RMB 580 per kilogram, up 11.5% from the start of the year.
70% Ferro Tungsten: RMB 1.33 million per ton, up 104.6% from the start of the year.
European Ferro Tungsten: USD 270-289 per kilogram of tungsten (equivalent to RMB 1.309-1.401 million per ton), up 103.3% from the start of the year.
Scrap Tungsten Rods: RMB 1,360 per kilogram, up 126.7% from the start of the year.
Scrap Tungsten Drill Bits: RMB 1,350 per kilogram, up 132.8% from the start of the year.
The continuous surge in tungsten prices is mainly driven by the tight supply-demand pattern and the increasing recognition of tungsten’s strategic value, with the tungsten scrap market also showing a strong wait-and-see sentiment, which is expected to further support the firm operation of the market in the short term.
