Tungsten Concentrates Market Plunged, Wolframite Concentrates Prices Dropped by 50,000

Published: May 14, 2026 09:47

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[Tungsten News Flash] SMM May 14: The tungsten concentrates market showed a sharp downward trend. The spot order negotiation center in the industry continued to shift lower. With intensive maintenance in the downstream APT sector and weakening market demand, suppliers were highly motivated to make shipments, and most spot order negotiations in the market were conducted at significant discounts from the online prices. Major mines in regions such as Jiangxi and Hunan mainly made shipments under long-term contracts. The price spread between long-term contract prices and current market spot order prices widened to over 300,000 yuan/standard tonne (65%WO3 basis). Based on current spot order transaction information and the proportion of long-term contracts, SMM 65% wolframite concentrates closed at 550,500 yuan/standard tonne (65%WO3 basis) today, down 50,000 yuan/standard tonne (65%WO3 basis) from the previous day.

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