A Jiangxi Tungsten Company Announced the Long-Term Contract Price for Wolframite Concentrates for the First Half of April

[Ferromolybdenum Steel Mill Tender Information] SMM April 14, a steel mill in Fujian priced its ferromolybdenum tender at 285,500 yuan/mt on April 14, cash payment, quantity to be confirmed.

[Tungsten News Flash] SMM, April 14: It was reported that Guangdong Province issued the first batch of tungsten mine extraction control quotas for 2026: the provincial total was 2,110 standard tonnes (65% WO₃ basis), a decrease of 250 mt from the first batch in 2025 (2,350 mt), a YoY decline of 10.2%.

Since March, the domestic tungsten market has trended higher and then pulled back. Driven by rigid supply and macro sentiment at the beginning of March, prices rose rapidly, with 65% wolframite concentrate hitting a record high of 105,000 yuan per standard ton. Starting from mid-March, profit-taking by investors, downstream resistance to high prices, and a general correction in commodity markets led to a gradual price pullback, pushing the entire market into a phase of supply-demand game.