[SMM Tungsten Daily Review: Weak Demand Constrains Raw Materials, Tungsten Prices Under Pressure and Fluctuate Downward] The hard alloy market sees few new orders, causing producers to lag in purchasing products like tungsten powder.
Today, tungsten powder is quoted at 314-316 yuan/kg, and tungsten carbide powder at 309-311 yuan/kg, with transactions already occurring below the quotation range.
Overall, as the expectation for year-end stockpiling operations persists, and the attitude to stand firm on quotes in the tungsten raw material market continues, the downward potential for tungsten prices is expected to be limited in the short term.
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