| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Tungsten Carbide | China | FOB | USD 338.76/KG | May 2026 |
| Tungsten Carbide | India | CIF | USD 388.76/KG | May 2026 |
| Tungsten Carbide | USA | CIF | USD 339.19/KG | May 2026 |
| Tungsten Carbide | Brazil | CIF | USD 339.22/KG | May 2026 |
| Tungsten Carbide | Canada | CIF | USD 339.19/KG | May 2026 |
| Tungsten Carbide | China | FOB | USD 338.76/KG | April 2026 |
| Tungsten Carbide | India | CIF | USD 388.76/KG | April 2026 |
| Tungsten Carbide | USA | CIF | USD 0.43/MT | April 2026 |
| Tungsten Carbide | Brazil | CIF | USD 0.46/MT | April 2026 |
| Tungsten Carbide | Canada | CIF | USD 0.43/MT | April 2026 |
Stay updated with the latest tungsten carbide prices, historical data, and tailored regional analysis
In Asia, tungsten carbide prices exhibited a strong upward trajectory throughout Q1’26, primarily supported by severe feedstock constraints and tightening export availability. China, the dominant global supplier, implemented strict export controls that reduced overseas shipments by nearly 40%, significantly disrupting global trade flows and tightening domestic availability. Concurrently, mining quotas were reduced, and environmental regulations tightened, leading to lower raw material output and sustained cost escalation across the tungsten value chain. As a result, tungsten carbide powder prices rose sharply through January and February, reflecting strong cost-push pressure and supply shortages. Demand-side fundamentals remained firm, particularly from cutting tools, mining equipment, and industrial manufacturing, which continued to absorb available supply despite elevated prices. Additionally, heightened defence-related consumption further constrained availability, intensifying competition between industrial and military sectors. Toward the end of the quarter, prices showed slight stabilization as buyers resisted further increases and engaged in cautious procurement, though overall levels remained significantly elevated.
Analyst Insight
According to Procurement Resource, in the near term, prices are expected to remain firm, with limited downside due to persistent supply constraints and strong end-use demand.
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The global tungsten carbide market in H2 2025 exhibited a strong upward trajectory, driven primarily by tightening upstream tungsten supply and sustained demand across critical industrial sectors. During the third quarter, the market experienced volatility, with temporary corrections linked to inventory adjustments and fluctuating demand; however, persistent supply constraints, particularly due to restrictive export policies and limited concentrate availability, continued to support underlying price strength. As the market progressed into the fourth quarter, supply shortages became more pronounced, with reduced export allocations from key producing regions and elevated production costs amplifying upward pressure. Demand remained robust across aerospace, defense, automotive tooling, and electronics sectors, encouraging strategic stockpiling and forward procurement. Additionally, logistical challenges and rising energy costs further constrained supply chains, limiting the availability of processed tungsten carbide materials. Overall, the market maintained a firm and bullish sentiment in the second half of 2025, shaped by constrained raw material flows, resilient industrial demand, and heightened supply-side risks.
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.
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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.
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