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The Ongoing Historical Surge in Tungsten Prices Continues Unabated

Reinforcing Steel Wire

Overview

Tungsten market trends on March 12, 2026

Tungsten prices continue to hit new highs every day. According to data from professional institutions, the current price of major tungsten raw materials is more than seven times that of early 2025. Under this high-frequency rising trend, the tungsten market as a whole shows the characteristics of price and no market.

The quotation is high due to the scarcity of raw materials, and the transactions are scarce due to the high cost.For stockholders, looking at the quotes that are refreshed every day, they are afraid that they will sell out too early and miss out on this “big market trend that has not happened in a century”, but they are also afraid that they will miss the best high point if they blindly sell and cover up the goods. This psychological game of fear of being short when selling and fear of standing guard when buying is particularly prominent in the tungsten scrap market.

CBN vs PCD Inerts

At the same time, buyers remain prudent in decision-making under high cost pressure and generally replenish their inventory with small orders for immediate needs to avoid the capital occupation and risk exposure caused by large-scale stockpiling.At present, all links in the tungsten industry chain generally feel the obvious tightness of the capital chain.

Today’s latest tungsten product prices list

Today's Tungsten Ore Price

The market is reluctant to sell, afraid of high prices, hesitant, wait-and-see and other emotions are intertwined, and the overall liquidity is limited.As of press time,The price of 65% black tungsten concentrate was reported at 1.03 million yuan/standard ton, an increase of 123.9% from the beginning of the year.The price of 65% scheelite concentrate was reported at 1.029 million yuan/standard ton, an increase of 124.2% from the beginning of the year.

  • The price of ammonium paratungstate (APT) was reported at 1.5 million yuan/ton, an increase of 123.9% from the beginning of the year.

  • The European APT price is reported at 2,000-2,195 US dollars/ton (equivalent to RMB 1.216-1.334 million/ton), an increase of 128.0% from the beginning of the year.

  • The price of tungsten powder was reported at 2,360 yuan/kg, up 118.5% from the beginning of the year.

  • The price of tungsten carbide powder was reported at 2,300 yuan/kg, up 121.2% from the beginning of the year.

  • The price of cobalt powder was reported at 580 yuan/kg, up 11.5% from the beginning of the year.

  • The price of ferrotungsten 70 was reported at 1.4 million yuan/ton, an increase of 115.4% from the beginning of the year.

  • The price of ferrotungsten in Europe is reported at US$270-289/kg of tungsten (equivalent to RMB 1.298-1.389 million/ton), up 103.3% from the beginning of the year.

  • The price of scrap tungsten rods was reported at 1,370 yuan/kg, an increase of 128.3% from the beginning of the year.

  • The price of scrap tungsten drill bits was reported at 1,370 yuan/kg, an increase of 136.2% from the beginning of the year.

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