Primary tungsten prices are stagnant and are likely to move sideways in the short term.

Published: Jun 11, 2026 10:53

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[Tungsten Express] SMM, June 11: The tungsten raw material prices remained sideways today, with divergence appearing across various segments of the industry chain. Spot supply of upstream tungsten concentrates was tight, as suppliers held firm on quotations with strong reluctance to sell, while downstream procurement pace slowed, leading to a significant contraction in mainstream transactions at the mine end and for APT. Tungsten powder enterprises had limited support from orders on hand and were extremely cautious in restocking, mostly producing based on sales. Amid the tug-of-war between longs and shorts across the entire industry chain, the market stagnated. Yesterday, a leading tungsten enterprise in Guangdong locked in the long-term contract price for APT at 780,000 yuan/mt, effectively stabilizing industry expectations. Currently, the trading center of the APT spot market is fluctuating around 800,000 yuan/mt, with some inventory still needing to be cleared. Short-term prices are expected to move sideways.

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