【Tungsten Market Flash Update】

Published: Mar 13, 2026 11:25

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SMM, March 13th：Recently, the tungsten market has been impacted by factors including the failure of two mineral auctions, leading to a significant weakening of confidence in the raw material market. Downstream enterprises have adopted a strong wait-and-see attitude, with many suspending purchases. Meanwhile, holders have increased their demand for liquidity, resulting in higher market supply. Today, tungsten ore and APT prices have entered a stagflation and sideways consolidation phase.SMM 65% Wolframite Concentrate is quoted at 1.0505 million yuan per standard ton, unchanged from yesterday, with a cumulative increase of 131.6% year-to-date.SMM APT price is quoted at 1.515 million yuan per ton, unchanged from yesterday, with a cumulative increase of 126.1% year-to-date.

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