Prices Rise Across the BoardIn January 2026, the prices of ammonium paratungstate, tungsten powder, and tungsten carbide powder all increased sharply, with both monthly average and end-of-month prices showing significant year-on-year and month-on-month gains.Multiple Factors Drive the TrendTightening supply, stable demand from advanced manufacturing, the reassessment of strategic value due to geopolitical factors, and capital inflows driven by the precious metals market have collectively pushed prices higher.Caution Against Correction RisksRecent volatility in gold and silver indicates that such markets are susceptible to sentiment shifts, and a correction may follow rapid price increases.Market Outlook Remains CautiousWhile short-term strength is supported by multiple factors, attention should be paid to policies, downstream absorption capacity, and overall sentiment in the non-ferrous metals sector.

1、Prices Soar Across the Tungsten Supply Chain2、Supply Constraints and Financial Demand Drive Rally3、Thin Trading Amid High Prices as Demand Cools

Tungsten Market Resilience Endures, Poised for a Fresh Start in the New Year

New Year's New Starting Point, Tungsten Prices Set a New High

1. Supply-Driven Surge: The Dual Forces of Resource Control and Capital Flow2. Reshaping the Chain: Geopolitical Shifts and Enterprise Survival Under Price Volatility3. A New Industry Landscape: The Emergence of a Three-Tier Structure After Market Consolidation

Grades Recommendation1、HM70：Excellent for machining Titanium alloys, stainless steel, (iron, cobalt, nickel-based) superalloys. Suitable for both rough and finish milling；2、HU44：Titanium alloys, stainless steel, (iron, cobalt, nickel-based) superalloys.Suitable for both rough and finish milling。

1. The data is sourced from the General Administration of Customs of China;2. The products included in the statistics are: Tungsten ore sand and its concentration, Tungsten acid, WO3, WF6, Sodium tungsten, WC, Tungsten iron, WTungsten wire、Tungsten products、Hard alloy blade。

In industrial production, hard alloys are widely used in cutting tools, molds, and wear-resistant parts due to their high strength, hardness, and wear resistance. However, with the widespread use of hard alloys, the issue of disposing of waste hard alloys has become increasingly prominent. These seemingly useless wastes actually contain abundant metal resources and are valuable secondary resources that urgently need to be developed.