SMM Tungsten Daily: Mild Rebound Amid Tight Supply and Price Hikes Ahead of Chinese New Year

[SMM Tungsten Daily Review: Mild Rebound in Tungsten Market Amid Tight Supply and Price Adjustments]

The domestic tungsten market continues its upward trend, with the overall market showing a mild and slight rebound. Due to maintenance and shutdowns at mines and smelters, the supply of raw materials remains tight, and suppliers are noticeably reluctant to sell or lower prices. Additionally, large tungsten enterprises have raised long-term contract prices in the second half of the month, providing new positive stimulus and support to the market. However, with the Chinese New Year holiday approaching, the pre-holiday price increase may narrow.