【Quotation Overview】
65% Black Tungsten Concentrate: 139,000-140,000 yuan/mtu
55% Black Tungsten Concentrate: 137,000-138,000 yuan/mtu
APT: 206,500-207,500 yuan/mt
Tungsten Powder: 311-313 yuan/kg
Tungsten Carbide Powder: 306-308 yuan/kg
70% Ferro-Tungsten: 215,000-217,000 yuan/mt
80% Ferro-Tungsten: 219,000-221,000 yuan/mt
【Market Dynamics】
Currently, the tungsten market is exhibiting a weak price trend, reflecting the unresolved stalemate in market fundamentals to some extent. The scarcity of mineral resources and weak end-use demand have jointly resulted in unfavorable supply and demand conditions. Meanwhile, smelters in the intermediate stages are facing dual pressures of inventory backlog and inverted pricing. Overall market confidence remains low, affecting the trading atmosphere within the industry. Under such circumstances, most traders are opting for cautious operations, adjusting strategies based on market changes, which has slowed the circulation of goods reliant on rigid demand.
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