[SMM Tungsten Daily Review: Tungsten Market Prices Remain Stable, Sentiment Leads] As month-end approaches, buyer market inquiry activity has increased, with slight growth in actual procurement. The quotation for 65% black tungsten concentrate remains stable at 143,000 yuan/standard mt, and suppliers are confident.
Smelters, affected by high costs, show low enthusiasm for quoting APT bulk cargo, with actual transaction negotiations concentrated in the range of 210,500-211,000 yuan/mt.
The downstream cemented carbide market has not seen a significant increase in procurement enthusiasm, and tungsten powder prices remain stable under this influence, with market circulation steady.
Overall, the tungsten market's supply and demand remain in a state of contention. Although tungsten prices have stopped falling, their short-term upward potential remains limited.
