For the Quarter Ending June 2026
听
Tungsten Prices in North America
- In the USA, the Tungsten Price Index rose by 8.32% quarter-over-quarter, reflecting higher import costs.
- The average Tungsten price for the quarter was approximately USD 271820.00/MT, driven by freight pressures.
- Port inventories rose with larger shipments, pressuring the short-term Tungsten Spot Price and reducing offers.
- Rising logistics costs increased landed expenses, shaping the Tungsten Price Forecast towards a near-term recovery.
- Energy and processing surcharges support the Tungsten Production Cost Trend, creating price floor despite weakness.
- Downstream buying slowed; Tungsten Demand Outlook shows cautious procurement and stocking by aerospace and tooling.
- The Tungsten Price Index stayed volatile; geopolitical insurance premiums and export licensing disrupted supply chains.
- Higher scrap recycling added material, tempering tightness while maintaining upward pressure on refined tungsten costs.
Why did the price of Tungsten change in June 2026 in North America?
- Expanded non-Chinese shipments increased port inventories, overwhelming immediate demand and forcing wholesale price concessions in June.
- Reduced downstream buying and destocking by manufacturers weakened consumption, amplifying downward pressure on market quotations.
- Freight and insurance surcharges rose, elevating landed costs yet insufficient to stop supply-driven price declines.
听
Tungsten Prices in APAC
- In Vietnam, the Tungsten Price Index rose by 8.85% quarter-over-quarter, reflecting tighter Chinese export allocations.
- The average Tungsten price for the quarter was approximately USD 261205.00/MT, reflecting elevated freight surcharges.
- Tungsten Spot Price eased as origin offers widened; Tungsten Price Forecast signals modest further declines.
- Seasonal energy surcharges lifted Tungsten Production Cost Trend, creating a price floor beneath spot bids.
- Tungsten Demand Outlook shows moderation as tool-steel and electronics buyers reduce inventories and defer orders.
- Chinese export availability and lower freight reduced landed costs, pressuring the Vietnamese Tungsten Price Index.
- No smelter outages occurred, sustaining fabrication rates and maintaining downward pressure on Tungsten Spot Price.
- Near-term Tungsten Price Forecast considers scrap recycling increases, easing demand, and bunker cost volatility risks.
Why did the price of Tungsten change in June 2026 in APAC?
- Abundant Chinese export offers expanded supply into Vietnam, lowering landed Tungsten Spot Price and bids.
- Freight eased in June, trimming landed costs, while Vietnamese buyers paused spot purchases post restocking.
- Rising APT inventories at origin encouraged exporters to discount offers, pressuring regional Tungsten Price Index.
China
- In China, the Tungsten Price Index rose by 8.70% quarter-over-quarter, reflecting tightened domestic supply constraints.
- Tungsten Spot Price fell in June as warehouse inventories rose, prompting sellers to reduce offers.
India
- In India, the Tungsten Price Index rose by 8.69% quarter-over-quarter, reflecting import and logistics pressures.
- Tungsten Spot Price eased as ample Vietnamese and Russian shipments expanded port inventories and discounts.
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Tungsten Prices in Europe
- In Germany, the Tungsten Price Index rose by 8.57% quarter-over-quarter, driven by tighter imports, energy.
- The average Tungsten price for the quarter was approximately USD 267313.33/MT, reflecting tightened supply conditions.
- Tungsten Spot Price softened as abundant imports and distributor discounting pressured offers across German channels.
- The Tungsten Price Forecast suggests moderated upside as scrap recycling increases; seasonal maintenance reduces urgency.
- Tungsten Production Cost Trend remained elevated as electricity tariffs stayed high, supporting domestic price premium.
- The Tungsten Demand Outlook stayed muted with automotive and toolmaking orders subdued, limiting spot restocking.
- Tungsten Price Index movements reflected early geopolitical premiums then corrected as Asian supply re-entered distribution.
- Inventory inflows from Vietnam eased spot tightness, while export demand from neighbours remained selectively active.
Why did the price of Tungsten change in June 2026 in Europe?
- Pre-booked Asian cargoes and expanded Vietnamese imports increased availability, pressuring spot offers and lowering quotations.
- Electricity tariff easing trimmed conversion costs, enabling producers to reduce premiums and narrow offering levels.
- Geopolitical tensions elevated freight and insurance premia, but negotiation progress improved shipping and reduced panic.
For the Quarter Ending March 2026
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Tungsten Prices in North America
- In USA, the Tungsten Price Index rose by 123.34% quarter-over-quarter, driven by tight Chinese exports.
- The average Tungsten price for the quarter was approximately USD 250948.00/MT, per consolidated trade data.
- Tungsten Spot Price strengthened as distributor inventories tightened and import allocations redirected toward priority contracts.
- Tungsten Price Forecast remains bullish given geopolitical risk premiums and accelerated procurement by defense buyers.
- Tungsten Production Cost Trend rose due to higher freight, insurance and tighter upstream export allocations.
- Tungsten Demand Outlook remains robust from aerospace, oilfield tooling and defense restocking, offsetting automotive softness.
- Tungsten Price Index volatility intensified as distributor cover fell, prompting call-offs and reduced spot availability.
- Major producer output remained stable, but weather-related mine interruptions and export guidance tightened global allocations.
Why did the price of Tungsten change in March 2026 in North America?
- Chinese export restrictions and reduced APT shipments cut seaborne supply, increasing urgency among US importers.
- Rerouted voyages and higher freight increased landed costs, prompting strategic restocking and purchasing by buyers.
- Stronger aerospace, oilfield tooling and defense restocking absorbed constrained imports, depleting distributor inventories, tightening markets.
Tungsten Prices in APAC
- In Vietnam, the Tungsten Price Index rose by 125.34% quarter-over-quarter, driven by Chinese export controls.
- The average Tungsten price for the quarter was approximately USD 239961/MT, reflecting Vietnam import settlements.
- Tungsten Spot Price tightened after Chinese licences curtailed cargoes, reducing available import volumes for buyers.
- Tungsten Price Forecast indicates near-term firmness as major producers set higher contract levels and margins.
- Tungsten Production Cost Trend rose after higher APT, concentrate benchmarks, lifting replacement costs for importers.
- Tungsten Demand Outlook remains strong as electronics, tool-steel, defence sectors accelerated restocking ahead of peaks.
- Tungsten Price Index volatility rose as maritime rerouting and war-risk premiums increased landed cost uncertainty.
- Domestic processing and scrap recycling use may increase, moderating import dependence and tempering price spikes.
Why did the price of Tungsten change in March 2026 in APAC?
- Chinese export controls reduced outbound volumes, directly tightening supply into Vietnam and raising landed prices.
- Stronger downstream buying from electronics and toolmakers accelerated purchases, absorbing available cargoes despite higher costs.
- Logistics surcharges and longer transit routes increased freight components, elevated insurance premiums compounded price pressure.
Tungsten Prices in Europe
- In Germany, the Tungsten Price Index rose by 123.32% quarter-over-quarter, driven by tightening feedstock and exports.
- The average Tungsten price for the quarter was approximately USD 246213.00/MT reported by trade sources.
- Supply contraction and Chinese export quota tightening pushed the Tungsten Spot Price higher, reducing availability.
- Elevated electricity and feedstock costs underpinned the Tungsten Production Cost Trend, constraining margins for refiners.
- Strong tooling and automotive shipments improved the Tungsten Demand Outlook, sustaining firm offtake across Europe.
- Inventory drawdowns and longer transit times amplified the Tungsten Price Index volatility, pressuring market prices.
- Export enquiries and preferential regional procurement supported selling levels, feeding into the Tungsten Price Forecast.
- Recycling operated near capacity but failed to offset primary shortfalls, keeping spot balance tight thereby.
Why did the price of Tungsten change in March 2026 in Europe?
- Chinese export quota reductions cut ammonium paratungstate flows, tightening supply and elevating landed input costs.
- Elevated electricity and gas tariffs raised conversion expenses, prompting refiners to pass costs through to buyers.
- Stronger export demand from tooling and automotive sectors and forward-buying depleted inventories, tightening prompt German availability.
For the Quarter Ending December 2025
Tungsten Price Q4 2025
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|
Region
|
Country
|
QoQ Change
|
Average Price (USD/MT)
|
|
North America
|
USA
|
+123.34%
|
250,948.00
|
|
APAC
|
Vietnam
|
+125.34%
|
239,961.00
|
|
Europe
|
Germany
|
+123.32%
|
246,213.00
|
听
North America
鈥� In USA, the Tungsten Price Index rose by 65.43% quarter-over-quarter, driven by supply constraints and robust demand.
鈥� The average Tungsten price for the quarter was approximately USD 112360.67/MT, reflecting tightened supply and strong industrial offtake.
鈥� Tungsten Spot Price appreciation reflected reduced Asian export allocations and limited scrap substitution, tightening availability for processors.
鈥� Tungsten Price Forecast indicates modest further gains short-term as strategic stockpiling and defense procurement sustain upward pressure.
鈥� Tungsten Production Cost Trend was pushed higher by firmer APT benchmarks and elevated freight-plus-duty premiums on imports.
鈥� Tungsten Demand Outlook remains positive with aerospace, oilfield tooling, and automotive tooling driving sustained consumption increases.
鈥� Tungsten Price Index volatility coincided with flat inventories and absent domestic production, keeping market sensitivity elevated.
Why did the price of Tungsten change in December 2025 in North America?
鈥� Import dependence and constrained Asian export allocations sharply reduced available supply, lifting replacement costs and spot offer levels.
鈥� Robust aerospace and defense demand, plus oilfield tooling needs and strategic stockpiling, amplified buying and forward coverage.
鈥� Higher APT benchmarks and widened freight-plus-duty premiums increased production cost pass-through, compressing margins and supporting elevated bar prices.
APAC
鈥� In Vietnam, the Tungsten Price Index rose by 80.365% quarter-over-quarter, driven by Chinese supply constraints.
鈥� The average Tungsten price for the quarter was approximately USD 106486.33/MT.
鈥� Tungsten Spot Price jumped on restricted Chinese exports and Hai Phong congestion, increasing spot premia.
鈥� Tungsten Price Forecast shows short-term strength due to constrained imports, robust restocking and freight inflation.
鈥� Tungsten Demand Outlook remains firm as tool-steel, electronics and aerospace sectors accelerated procurement and restocking.
鈥� Tungsten Price Index stability hinges on Chinese quota releases, domestic inventory rebuilds, and shipping normalization.
鈥� Thin inventories and Chinese cargo shortages elevated premiums, forcing importers to accept higher CFR quotes.
Why did the price of Tungsten change in December 2025 in APAC?
鈥� Chinese export restraints and production controls sharply reduced bar volumes into Vietnam, tightening physical supply.
鈥� Pre-Lunar New Year restocking and strong electronics and tool-steel procurement accelerated purchases, increasing landed-cost acceptance.
鈥� Elevated freight rates, Hai Phong congestion, and importer risk premiums increased landed costs and supported higher quoted levels.
Europe
鈥� In Germany, the Tungsten Price Index rose by 70.86% quarter-over-quarter, driven by tightening supply constraints.
鈥� The average Tungsten price for the quarter was approximately USD 110252.00/MT, reflecting elevated feedstock costs.
鈥� Tungsten Spot Price strengthened sharply on scarce concentrates and logistical delays, prompting distributors to hoard inventories.
鈥� Tungsten Price Forecast indicates upward pressure as Asian export quotas and energy costs sustain offers.
鈥� Tungsten Production Cost Trend shows higher energy and freight expenses squeezing conversion margins at processors.
鈥� Tungsten Demand Outlook remains firm driven by automotive, machine-tools and defense restocking ahead of winter maintenance.
鈥� Tungsten Price Index volatility intensified as thin inventories and import-parity adjustments amplified month-end spot rallies.
鈥� Domestic recycling supplied one-third of feedstock needs, limiting flexibility and contributing to seller-favouring Price Index.
Why did the price of Tungsten change in December 2025 in Europe?
鈥� Upstream supply constraints from reduced Chinese exports and exhausted quotas increased landed concentrate costs and scarcity.
鈥� Elevated energy and freight costs raised production and conversion expenses, further pressuring finished-bar pricing structures.
鈥� Strong year-end industrial demand, including automotive and defense restocking, absorbed available material, allowing full pass-through.
For the Quarter Ending September 2025
Tungsten Price Q3 2025
听
|
Region
|
Country
|
QoQ Change
|
Average Price (USD/MT)
|
|
North America
|
USA
|
+123.34%
|
250,948.00
|
|
APAC
|
Vietnam
|
+125.34%
|
239,961.00
|
|
Europe
|
Germany
|
+123.32%
|
246,213.00
|
North America
鈥� In USA, the Tungsten Price Index fell by 13.3% quarter-over-quarter, reflecting supply tightening and weak demand.
鈥� The average Tungsten price for the quarter was approximately USD 67920.33/MT, reflecting tightened supply and resilient industrial demand.
鈥� Tungsten Spot Price availability tightened in August, elevating negotiation-based sales and reducing transparent spot market liquidity.
鈥� Tungsten Price Forecast indicates modest volatility ahead as supply inflections from Sangdong affect import dynamics.
鈥� Tungsten Production Cost Trend rose on stricter Chinese quotas and environmental compliance, pressuring downstream margins.
鈥� Tungsten Demand Outlook remains strong from defense, photovoltaic and EV sectors, supporting buyer urgency despite supply improvements.
鈥� Inventory rebuilds and seasonal purchasing cycles softened the Tungsten Price Index, moderating earlier rapid gains.
鈥� Export demand fluctuations and logistics constraints continued to drive premium negotiation for Tungsten Spot Price deliveries.
Why did the price of Tungsten change in September 2025 in North America?
鈥� Chinese export quotas tightened supply, reducing available concentrates and raising import competition into the USA.
鈥� Elevated defense and photovoltaic demand increased offtake, intensifying immediate inventory draws across North American buyers.
鈥� Logistics and processing constraints limited secondary supply response, delaying shipments and sustaining upward pricing pressure.
APAC
鈥� In Vietnam, the Tungsten Price Index rose by 24.8% quarter-over-quarter, driven by Chinese export restrictions.
鈥� The average Tungsten price for the quarter was approximately USD 59039.33/MT from CFR Hai Phong.
鈥� Tungsten Spot Price remained volatile as suppliers withheld inventory, elevating landed import costs for processors.
鈥� Tungsten Price Forecast indicates short-term corrections then rebounds as supply constraints and demand dynamics compete.
鈥� Tungsten Production Cost Trend increased from stricter Chinese environmental compliance plus higher freight and processing.
鈥� Tungsten Demand Outlook remains firm in electronics, automotive and renewable, supporting buying despite elevated prices.
鈥� Tungsten Price Index volatility was amplified by speculative stockpiling and one-on-one negotiated sales reducing liquidity.
鈥� Export demand and domestic inventory strategies constrained spot availability, supporting premium import pricing, reduced liquidity.
Why did the price of Tungsten change in September 2025 in APAC?
鈥� Chinese export quota reductions and environmental controls sharply reduced upstream tungsten concentrate availability and exports.
鈥� Rising freight rates and CFR landing costs increased landed import prices, pressuring Vietnamese buyers' margins.
鈥� Robust demand from electronics, automotive and renewable sectors sustained buying despite tight domestic supply conditions.
Europe
鈥� In Germany, the Tungsten Price Index fell by 12.8% quarter-over-quarter in Q3 2025, easing demand.
鈥� The average Tungsten price for the quarter was approximately USD 64529/MT, reflecting moderated volatility recently.
鈥� Tungsten Spot Price firmed as European availability tightened and inventories declined amid stronger export demand.
鈥� Tungsten Price Forecast indicates moderate volatility ahead as seasonal slowdowns temper industrial purchasing in Q4.
鈥� Tungsten Production Cost Trend shows upward pressure from rising energy and transport costs, compressing margins.
鈥� Tungsten Demand Outlook remains constructive as automotive and photovoltaic rebounds sustain tooling and component requirements.
鈥� Tungsten Price Index displayed volatility, with July weakness followed gradually by August and September recoveries.
鈥� European supplier bottlenecks and Chinese export policies constrained flows, while recycling offset primary supply shortages.
Why did the price of Tungsten change in September 2025 in Europe?
鈥� Tight European supply from bottlenecks and Chinese export restrictions reduced available tungsten for German manufacturers.
鈥� Resurgent demand from automotive and photovoltaic sectors increased offtake, intensifying competition for limited inventories regionally.
鈥� Energy and transport cost rises elevated costs and logistics delays lengthened lead times, pressuring pricing.
