Chongyi tungsten enterprises slightly raised long-term contract prices for the first half of August.

[Tungsten Express] SMM, August 5: Ganzhou Tungsten Industry Association’s forecast prices for the tungsten market in August 2026: wolframite concentrates (55% grade) 412,000 yuan/standard tonne (65%WO3 basis), down 36,000 yuan/standard tonne (65%WO3 basis) MoM; APT 606,000 yuan/mt, down 54,000 yuan/mt MoM; medium-particle tungsten powder 1,000 yuan/kg, down 100 yuan/kg MoM. (All prices include 13% VAT and are for reference only. Commercial risks are borne by the parties concerned.)

[Tungsten Flash] SMM News, August 5: A tungsten enterprise in Xiamen resumed long-term contract price quotations, setting the long-term contract price for externally purchased APT in the first half of August 2026 at 606,000 yuan/mt.

[Tungsten Express] SMM August 5 News: Today, the tungsten concentrate market remained stable, as the market re-evaluated the impact of the "Opinions of the National Mine Safety Administration on Regulating Excavation (Stripping) Construction Teams for Metal and Non-metal Production Mines" on the non-coal mining industry. The document requires that underground mines, by May 1, 2027, and open-pit mines, by May 1, 2028, choose one of two options: ① establish an in-house excavation team; ② outsource to a compliant integrated contractor; prohibit fragmented subcontracting and multi-level subcontracting; ban labor dispatch underground; and mines that fail to complete rectification by the deadline will be ordered to suspend production for rectification. China's tungsten mines are primarily underground (most wolframite mines are underground, while some scheelite mines are open-pit or underground). The main producing regions of Jiangxi and Hunan have a large number of small and medium-sized tungsten mines that have long heavily relied on external excavation subcontracting teams, imposing substantial constraints on the supply side, cost side, and the survival of small and medium-sized mines. Meanwhile, in the past two days, trading in the tungsten concentrate spot market began to turn active, with traders entering actively. Yesterday, a mine in Guangdong auctioned low-grade ore, and all 156 standard tonnes were sold. Downstream smelters remained cautious, awaiting guidance from today's long-term contract prices. Overall, the market was stimulated by frequent mining policies and intensive safety inspections in Yunnan, Jiangxi, Henan, and other regions, easing market sentiment, while supply-side disruptions intensified. If demand enters the market moderately, the tungsten market will see a turnaround.