Monthly Tungsten Market Report March 2026

Content

1. Market Highlights 3
2. Economy and Policy 3
2.1 China's foreign trade up 18.3% YoY in Jan-Feb 3
2.2 China's ten major nonferrous metals output up 3.9% in Jan-Feb 3
3. Market Movements 3
3.1 Market Movements in China 3
3.1.1 EXW prices for Chinese tungsten concentrate WO3 55%min 3
3.1.Asian Metal Copyright44% MoM in Feb 2026 10 6.Asian Metal Copyright2 EXW prices for Chinese APT 88.5%min 3
3.1.Asian Metal Copyright1.Asian Metal Copyright3 EXW prices for Chinese tungsten oxide 99.95%min 3
3.1.Asian Metal Copyright12 Jiangxi Yaosheng Tungsten cuts tungsten carbide production 8 4.Asian Metal Copyright4 EXW prices for Chinese tungsten carbide powder 99.Asian Metal Copyright7 Sangdong tungsten mine in South Korea returns to production after 30 years 8 4.Asian Metal Copyright8%min 2.Asian Metal Copyright4 China's yellow tungsten oxide export volume recorded 40t in Feb 2026 10.Asian Metal Copyright5-7.0μm 3
3.1.Asian Metal Copyright13 Prices for Chinese tungsten scrap drill 88%min Ex-VAT Delivered 5 3.Asian Metal Copyright5 EXW prices for Chinese tungsten powder 99.Asian Metal Copyright8%min 2.Asian Metal Copyright95%min 2.Asian Metal Copyright8%min 2.Asian Metal Copyright5-7.0μm 4
3.1.6 EXW prices for Chinese ferrotungsten 75%min 4
3.1.7 EXW prices for Chinese ferrotungsten 70%min 4
3.1.Asian Metal Copyright1.Asian Metal Copyright8 EXW prices for Chinese tungsten bar W-4 99.9%min 4
3.1.9 EXW prices for Chinese sodium tungstate WO3 68%min 4
3.1.10 Prices for Chinese tungsten grinding sward scrap W70%min Co5%min (Ex-VAT Delivered) 5
3.1.11 Prices for Chinese tungsten scrap CNC cutting blade W70%min (Ex-VAT Delivered) 5
3.1.12 Prices for Chinese tungsten scrap anvil 90%min (Ex-VAT Delivered) 5
3.1.13 Prices for Chinese tungsten scrap drill 88%min (Ex-VAT Delivered) 5
3.1.Asian Metal Copyright9 Xiamen Tungsten to acquire 69% stake in Jiujiang Dadi 8 4.Asian Metal Copyright14 Prices for Chinese thoriated tungsten cathode ThO2 1.Asian Metal Copyright1 Chinese tungsten carbide powder producers' operating rate down by 4.Asian Metal Copyright7-2.2% EXW D/P 5
3.2 Export Market Movements 5
3.2.Asian Metal CopyrightContent 1.Asian Metal Copyright1 FOB prices for Chinese APT 88.5%min 5
3.2.Asian Metal Copyright2 Export Market Movements 5 3.Asian Metal Copyright2 FOB prices for Chinese tungsten carbide powder 99.Asian Metal Copyright1.Asian Metal Copyright8%min 2.Asian Metal Copyright12 Jiangxi Yaosheng Tungsten cuts tungsten carbide production 8 4.Asian Metal Copyright5-7.0μm 6
3.2.Asian Metal Copyright1 Chinese tungsten carbide powder producers' operating rate down by 4.Asian Metal Copyright3 FOB prices for Chinese tungsten oxide WO3 99.95%min 6
3.2.4 FOB prices for Chinese ferrotungsten 75%min 6
3.2.Asian Metal Copyright3.Asian Metal Copyright5 FOB prices for Chinese tungsten bar W-4 99.9%min 6
3.3 International Market Movements 6
3.3.1 FOB prices for African tungsten concentrate WO3 50%min 6
3.3.Asian Metal Copyright1.Asian Metal Copyright2 Prices for European APT 88.5%min in warehouse Rotterdam 6
3.3.3 Prices for European ferrotungsten 75%min in warehouse Rotterdam 7
4. Company News 7
4.1 Zhangyuan Tungsten raises cemented carbide prices 7
4.2 Xinfeng Huarui New Material to stop tungsten APT operation 7
4.3 Zhangyuan Tungsten releases long-term purchase prices for first half of March 7
4.4 Nankang Ruixin Mining resumes tungsten APT operation 7
4.5 Yudu Ansheng Tungsten Industry increases tungsten APT output 7
4.6 Taizhou Xinxin Tungsten and Molybdenum Products Factory boosts sodium tungstate production 7
4.7 Sangdong tungsten mine in South Korea returns to production after 30 years 8
4.8 Thaizhou Pingsheng Tungsten-Molybdenum Products Factory stops sodium tungstate operation 8
4.9 Xiamen Tungsten to acquire 69% stake in Jiujiang Dadi 8
4.10 Xiamen Golden Egret to acquire 70% stake in Yuanxing Precision 8
4.11 Nanchang Cemented Carbide raises tungsten carbide output 8
4.12 Jiangxi Yaosheng Tungsten cuts tungsten carbide production 8
4.13 Xiamen Tungsten to acquire 30.17% stake in Jiangxi Jutong 8
5. Producers Statistics 8
5.1 APT 8
5.1.Asian Metal Copyright3.Asian Metal Copyright1 Chinese APT producers' operating rate up by 1.29% MoM in March 9
5.1.Asian Metal Copyright2 China's ten major nonferrous metals output up 3.Asian Metal Copyright2 Chinese APT producers' output up by 1.11% MoM in March 9
5.1.Asian Metal Copyright2 Chinese APT producers' output up by 1.Asian Metal Copyright3 Chinese APT producers' stocks up by 62.2% YoY in March 9
5.2 Tungsten carbide 9
5.2.Asian Metal Copyright1 Chinese tungsten carbide powder producers' operating rate down by 4.Asian Metal Copyright1 Chinese tungsten carbide powder producers' operating rate down by 4.4% YoY in March 9
5.2.Asian Metal Copyright11 Nanchang Cemented Carbide raises tungsten carbide output 8 4.Asian Metal Copyright2 Chinese tungsten carbide powder producers' output up by 5.13% MoM in March 9
5.2.Asian Metal Copyright5-7.Asian Metal Copyright3 Chinese tungsten carbide powder producers' stocks down by 76.9% MoM in March 10
6. Import and Export Statistics 10
6.1 China's APT export volume recorded 0t in Feb 2025 10
6.2 China's tungsten carbide export volume rose 186.8% YoY in Feb 2026 10
6.3 China's tungsten powders export volume decreased 93.44% MoM in Feb 2026 10
6.4 China's yellow tungsten oxide export volume recorded 40t in Feb 2026 10
.Asian Metal Copyright1 APT 8 5Asian Metal Copyright