"Tungsten Prices Soar Post-Holiday: China APT Up 25,000 Yuan/Ton, Spot Supply Tight"

Published: Feb 24, 2026 12:01

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SMM News, February 24: China's tungsten market extended gains on the first day post-holiday.
APT spot prices concentrated around 1.05 million yuan/t, up 25,000 yuan/t from pre-holiday levels, accumulating a 380,000 yuan/t increase year-to-date. Spot supply remained tight with firm offers.
Concentrate production stayed low; 65% black tungsten concentrate closed at 701,500 yuan/t, up 5,000 yuan/t from pre-holiday, accumulating a 248,000 yuan/t increase year-to-date, with some spot transactions near 705,000 yuan/t.

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