Views: 0 Author: Site Editor Publish Time: 2026-02-06 Origin: Site
According to Chinatungsten Online, tungsten prices maintained firm this week, driven by tight raw material supply and holders’ reluctance to sell. A Jiangxi-based tungsten company and an industry organization raised raw material prices, further boosting market bullish sentiment.
Currently, key tungsten products have seen significant year-to-date increases: 65% wolframite concentrate and scheelite concentrate both rose by around 46.7%-46.8% to RMB 675,000/ton and RMB 674,000/ton respectively; ammonium paratungstate (APT) reached RMB 990,000/ton (up 47.8% YoY), while tungsten powder and tungsten carbide powder both exceeded RMB 1.6 million/ton with YoY increases of 52.8% and 53.9% respectively. European APT and ferrotungsten prices also rose by 35.8% and 29.8% YoY.
On the supply side, strict controls on unquoted tungsten mining trade have aggravated supply tightness. The recent Critical Minerals Ministerial hosted by the US, aiming to weaken China’s dominance in critical minerals and build a non-Chinese supply chain, is unlikely to succeed in the short term, though it may amplify global supply chain security concerns.
With the Spring Festival approaching, upstream and downstream enterprises in the tungsten industry chain will gradually enter holiday mode, and logistics will weaken, expected to make the market trading atmosphere sluggish.
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.
