Tungsten Carbide Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Tungsten Carbide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Tungsten Carbide Price Trend for First Half of 2023

The production process of tungsten carbide involves the use of tungsten metal, and thus, its price trend depends on its market activities. It has extreme hardness and wear resistance, due to which it is extensively used in making mining equipment, aerospace and defense tools, and heavy-duty products.

Tungsten Carbide Price Chart

Tungsten Carbide Price Trends

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In the first two quarters of 2023, the prices of tungsten fluctuated but remained on the lower end of the spectrum as the performance of end-user industries faced severe volatility. During this phase, the rates of exports from China declined, which caused disruptions in the supply chains. The semiconductor industries also suffered from this restricted supply.

However, on the other hand, Group 6 Metals initiated the functioning of new tungsten mines in Australia which increased the production rates while the trading activities moved southwards.

Analyst Insight

According to Procurement Resource, the prices of Tungsten Carbide are expected to depict a fluctuating trend as the rise in production rates, weak trading activities, and oscillating demand will direct its prices.

Procurement Resource provides latest prices of Tungsten Carbide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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Tungsten carbide is a water-resistant compound that is utilized in several industrial processes. In addition to this, it also has a high melting point and exceptional thermal stability to withstand extreme reaction conditions. It also possesses excellent strength and durability, which are essential in a wide range of chemical processes such as mining, metalworking, aerospace, etc.

Product Details

Report Features Details
Product Name Tungsten carbide
Chemical formula WC
Industrial Uses Metalworking, Mining and construction, Aerospace and defense, Oil and gas industry, Metal forming
CAS Number 12070-12-1
Molecular weight 195.86 g/mol
HS Code 28499020
Supplier Database Umicore, CERATIZIT S.A., American Elements, Kennametal Inc, Extramet Products LLC
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

In this process, tungstic acid reacts with ammonium paratungstate in a gaseous mixture of hydrogen and methane. The reaction occurs at around 1000°C and gives tungsten carbide as the final product.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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