Tungsten Market: Tight Supply Meets Weak Sentiment, Prices Stably Trending Downwards

[SMM Tungsten Daily Review: Intense Back-and-Forth Negotiations Between Upstream and Downstream, Tungsten Prices Relatively Stable With Weak Trend]

Currently, the main supporting factor in the tungsten market remains the tight supply of tungsten ore. However, market sentiment has weakened, with the resumption rate gradually increasing, but demand has yet to be significantly released. This has led to a weakening of the price support effect brought by the tight supply of raw materials. Meanwhile, major producers have slightly lowered their quotations for tungsten raw materials, further impacting traders' confidence. At present, the tungsten market is characterized by intense negotiations, limited actual trading volume, and a pervasive wait-and-see sentiment.