SMM January 15 News:
Today, tungsten prices remained generally stable. At the turn of the year, the market exhibited a weak supply and demand dynamic.
【Price Quotations】
65% Black Tungsten Concentrate: 144,500-145,000 yuan/mtu
55% Black Tungsten Concentrate: 143,500-144,000 yuan/mtu
APT: 211,000-213,000 yuan/mt
Tungsten Powder: 318-320 yuan/kg
Tungsten Carbide Powder: 309-312 yuan/kg
70% Ferro-Tungsten: 215,000-217,000 yuan/mt
80% Ferro-Tungsten: 220,000-222,000 yuan/mt
【Market Dynamics】
Currently, as factories gradually shut down for holidays and maintenance, consumers' restocking willingness has weakened, leading to a slowdown in market liquidity. Smelters mainly rely on long-term orders for production and show low acceptance of high-priced raw materials. Although quotations for tungsten raw materials remain firm, downstream confidence in price increases is insufficient, resulting in a tug-of-war in overall transactions.
Due to persistently high costs in the downstream market, producers are reluctant to offer significant discounts. Meanwhile, weak demand has made it difficult to achieve high-price transactions, and overall market fluctuations remain relatively limited.
》View SMM Tungsten and Molybdenum Product Prices, Data, and Market Analysis
》Click to View SMM Molybdenum Spot Prices
》Subscribe to View Historical Price Trends of SMM Metal Spot Prices
