European Tungsten Scrap Prices Rise, Indian FOB Prices Stable

During the 2026 Spring Festival holiday, the electrolytic manganese market stabilized at the bottom with sluggish transactions. Before the holiday, the market’s downward momentum slowed after a cumulative 600 yuan/ton drop, with mainstream prices approaching the 17,000 yuan/ton mark, supported by steel mills’ final pre-holiday stockpiling. During the holiday, prices remained stable at around 17,300 yuan/ton with almost no transactions.

During the 2026 Spring Festival holiday, the domestic manganese sulfate market continued its pre-holiday upward trend, with prices maintaining stable and firm operation without significant fluctuations. On the supply side, although some enterprises suspended production for maintenance during the holiday leading to short-term fluctuations, the industry's low inventory pattern remained unchanged.

[SMM Tungsten Express] As of Feb 19, European tungsten prices continued their upward trend. APT CIF Rotterdam port is quoted at $1,750-1,850/mtu, averaging $1,800/mtu, up 13.6% WoW. Ferrotungsten Rotterdam warehouse is quoted at $195-205/kg W, averaging $200/kg W, up 1.5% WoW.