| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Tungsten Carbide | China | FOB | USD 183.53/KG | July 2026 |
| Tungsten Carbide | India | CIF | USD 290.53/KG | July 2026 |
| Tungsten Carbide | USA | CIF | USD 370.53/KG | July 2026 |
| Tungsten Carbide | Brazil | CIF | USD 317.53/KG | July 2026 |
| Tungsten Carbide | Canada | CIF | USD 380.53/KG | July 2026 |
| Tungsten Carbide | China | FOB | USD 206.55/KG | June 2026 |
| Tungsten Carbide | India | CIF | USD 294.09/KG | June 2026 |
| Tungsten Carbide | USA | CIF | USD 361.50/KG | June 2026 |
| Tungsten Carbide | Brazil | CIF | USD 378.15/KG | June 2026 |
| Tungsten Carbide | Canada | CIF | USD 361.50/KG | June 2026 |
Stay updated with the latest Tungsten Carbide prices, historical data, and tailored regional analysis
Tungsten Carbide prices in China and India averaged ~USD 339/kg and ~USD 207.00/kg respectively during Q2’26. Chinese markets declined as lower tungsten raw-material costs, reduced speculative activity and cautious purchasing pressured carbide producers. Improved export availability also added supply pressure, with tungsten-carbide exports reaching 271.46 MT in April. Demand from cutting tools and industrial applications remained limited as manufacturers reduced inventory building and extended replacement cycles.
In the United States, tungsten carbide prices declined to ~USD 438.00/kg in April and ~USD 362.00/kg in June, showing a ~17.4% decrease. The market remained tighter than Asia due to import dependence, extended supply lead times and limited domestic tungsten availability. Recycled carbide became an important supply source, while competition for scrap material supported replacement costs. Cutting-tool demand provided support, reflecting continued industrial consumption. New tungsten processing and recycling investments are expected to improve future supply flexibility, though their impact remained limited during Q2.
Analyst Insight
According to Procurement Resource, tungsten carbide prices are expected to remain regionally varied, with supply normalisation influencing Asia while raw-material availability continues to shape North American market conditions.
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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.
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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