SMM, February 14:
Today, the tungsten market overall showed a relatively stable trend with weak momentum, but the overall price fluctuation was relatively small.
【Quotation Overview】
65% Black Tungsten Concentrate: 144,000-145,000 yuan/mtu
55% Black Tungsten Concentrate: 142,500-143,500 yuan/mtu
APT: 212,000-213,000 yuan/mt
Tungsten Powder: 316-320 yuan/kg
Tungsten Carbide Powder: 311-315 yuan/kg
70% Ferro-Tungsten: 216,000-218,000 yuan/mt
80% Ferro-Tungsten: 220,000-222,000 yuan/mt
【Market Dynamics】
Currently, the main supporting factor in the tungsten market remains the tight supply of tungsten ore. However, market sentiment has weakened, the resumption rate is gradually increasing, but demand has not yet been significantly released. This has led to a weakening of the price support effect brought by the tight supply of raw materials.
Meanwhile, major producers slightly lowered their quotations for tungsten raw materials, further affecting traders' confidence. At present, the tungsten market is characterized by intense bargaining, with limited actual trading volume and a pervasive wait-and-see sentiment.
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