Today's Tungsten Price

Tungsten Market Review – May 13, 2026 Tungsten prices remained in a weak downward trend. The market is in a game phase dominated by oversupply pressure and divergent market expectations, with the pri



Tungsten Market Review – May 13, 2026

Tungsten prices remained in a weak downward trend. The market is in a game phase dominated by oversupply pressure and divergent market expectations, with the price bottom yet to be confirmed.According to Chinatungsten Online, notable price discrepancies persist in the raw tungsten market, mainly due to three factors:(1) Differences in inventory holding costs among suppliers. Some low-cost stock still offers room for profit-taking, while holders with higher cost bases maintain conservative pricing.(2) Disparities in capital strength among inventory holders. Some sellers facing capital turnover pressure are willing to offload supplies, whereas those with sufficient capital adopt a wait-and-see attitude.(3) Divergent market expectations among participants. Some focus on tungsten’s commodity attributes and prefer pricing based on fundamental supply and demand; others emphasize the premium of tungsten as a strategic resource, holding a relatively optimistic mid-to-long-term outlook.Downstream cemented carbide manufacturers and end-user industries remain cautious in procurement, generally restocking in small batches based on immediate demand with strong price bargaining intentions. Sluggish demand has further intensified the downward adjustment pressure on raw tungsten prices.As of press time:

• 65% Wolframite Concentrate: Priced at RMB 600,000 per standard ton, down 42.9% from the historical high and up 30.4% year-to-date.

• 65% Scheelite Concentrate: Priced at RMB 599,000 per standard ton, down 42.9% from the historical high and up 30.5% year-to-date.

• Ammonium Paratungstate (APT): Priced at RMB 920,000 per ton, down 39.5% from the peak and up 37.3% year-to-date.

• European APT: Quoted at USD 3,000–3,280 per tonne unit of tungsten equivalent (equivalent to RMB 1,805,000–1,973,000 per ton), up 241.3% year-to-date.

• Tungsten Powder: Priced at RMB 1,700 per kg, down 29.2% from the peak and up 57.4% year-to-date.

• Tungsten Carbide Powder: Priced at RMB 1,630 per kg, down 30.3% from the peak and up 56.7% year-to-date.

• Cobalt Powder: Priced at RMB 570 per kg, down 1.7% from the peak and up 9.6% year-to-date.

• 70% Tungsten Iron: Priced at RMB 950,000 per ton, down 33.1% from the peak and up 46.2% year-to-date.

• European Ferro Tungsten: Quoted at USD 270–290 per kg of tungsten content (equivalent to RMB 1,285,000–1,380,000 per ton), down 13.9% from the peak and up 103.6% year-to-date.

• Scrap Tungsten Rods: Priced at RMB 730 per kg, down 46.7% from the peak and up 21.7% year-to-date.

• Scrap Tungsten Drills: Priced at RMB 680 per kg, down 50.4% from the peak and up 17.2% year-to-date.