Price of Tungsten Products on Jul. 31 2026
China’s tungsten market ended July in a narrow sideways range after an early-month decline and mid-month bottoming phase. Powder and scrap prices remain important for carbide tool buyers planning August orders.
China’s tungsten market ended July 2026 in a narrow sideways range. According to Chinatungsten Online, prices fell early in the month, bottomed around mid-July, and then moved into a cautious consolidation phase as buyers and sellers stayed locked in negotiation.
Market overview: July stabilizes after a sharp first-half reversal
Looking back at the first half of 2026, tungsten prices reversed after reaching a historical peak in mid-March. Sentiment shifted from a seller-led market into a buyer-led market, and June marked the transition from rapid decline toward bottoming behavior.
By the end of July, major tungsten products were testing new equilibrium levels. Chinatungsten Online described tungsten concentrate, APT and tungsten powder as fluctuating around key psychological levels of roughly RMB 400,000/ton, RMB 600,000/ton and RMB 950,000/ton respectively.
Supply support limits downside, but demand recovery is slow
On the supply side, resource conservation policies, production costs and seller reluctance to liquidate inventory at lower prices reduced the probability of another large near-term drop. On the demand side, however, destocking remained slow and there was not enough order momentum to push prices meaningfully higher.
For carbide tool buyers, this is a cost-assumption market rather than a simple price-drop market. Tungsten powder, tungsten carbide powder, cobalt powder and scrap carbide rod prices all influence how factories quote carbide drills, end mills and drawing-based custom tools.
Price table — July 31, 2026 (Chinatungsten Online)
The following table summarizes tungsten and cobalt product prices reported by Chinatungsten Online on July 31, 2026. Peak drawdown and year-to-date changes follow the source text.
| sản phẩm | Giá | Thay đổi đầu năm |
|---|---|---|
| 65% wolframite concentrate | RMB 415,000/ton | −9.8% YTD |
| 65% scheelite concentrate | RMB 414,000/ton | −9.8% YTD |
| Ammonium paratungstate (APT) | RMB 610,000/ton | −9.0% YTD |
| European APT | USD 3,000–3,279/mtu (≈ RMB 1,792,000–1,958,000)/ton (equiv.) | +241.3% YTD |
| Tungsten powder | RMB 975/kg | −9.7% YTD |
| Tungsten carbide powder | RMB 925/kg | −11.1% YTD |
| Cobalt powder | RMB 465/kg | −10.6% YTD |
| 70% ferrotungsten | RMB 660,000/ton | +1.5% YTD |
| European ferrotungsten | USD 190–200/kg W (≈ RMB 897,000–945,000)/ton (equiv.) | +41.8% YTD |
| Scrap tungsten carbide rods | RMB 760/kg | +11.8% YTD |
Nguồn: Chinatungsten Online · YTD = Thay đổi tính đến thời điểm hiện tại từ ngày 1 tháng 1 năm 2026 · WoW = Hàng tuần
What this means for carbide tool buyers
- WC powder at RMB 925/kg and tungsten powder at RMB 975/kg give carbide tool factories a lower cost basis than the March peak, but not a guaranteed long-term floor.
- Cobalt powder at RMB 465/kg may ease pressure on some cemented carbide grades, yet weak downstream demand also warns against speculative tooling inventory.
- Scrap tungsten carbide rod at RMB 760/kg remains above the start of the year, so recycling and carbide rod replacement costs still matter for tool pricing.
- European APT and ferrotungsten remain much stronger year-to-date than China domestic references, which can affect export pricing and buyer expectations.
- The correct RFQ question is not only today’s raw-material price, but whether the supplier is quoting from inventory, current spot replacement cost or expected August purchases.
Procurement note
Use the late-July stabilization window to review repeat carbide drill and end mill sizes, but keep quote validity short and tied to real production schedules. For custom carbide tools, send the drawing, diameter list, material grade, coating and annual quantity before asking for price protection.
Carbide tools from our Changzhou factory
Factory-direct solid carbide coolant drills for deep holes, stable chip evacuation and heat control.
Standard carbide drills for steel, stainless steel, cast iron and general precision holemaking.
Factory-ground carbide end mills for slotting and profiling with coating options for aluminum and steel.
Carbide ball end mills for mold, die, 3D contour and finishing applications.
Corner-radius carbide end mills for stronger cutting edges and stable semi-finishing or finishing.
Outlook
In the short term, tungsten prices may continue fluctuating in a narrow range. Medium- and long-term direction depends on the pace of new mine supply, actual end-user demand growth, macroeconomic uncertainty, and production, mining and export policy signals.
Solid Carbide Direct will continue tracking tungsten concentrate, APT, tungsten powder, tungsten carbide powder, cobalt powder, ferrotungsten and scrap tungsten carbide indicators to help machining buyers plan raw-material-sensitive tooling budgets.
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