Tungsten Prices Remain Firm While Market Activity Lacks Enthusiasm [SMM Tungsten Daily Review]

SMM, December 26:

Today, the tungsten market remained stable. Sentiment in the raw material market continued to stand firm on quotes and cautiously hold back sales while further raising offers. Buyer market inquiries increased in activity, but overall willingness to buy and sell remained low.

【Quotation Overview】

65% Black Tungsten Concentrate: 142,000-143,000 yuan/standard mt (+250 yuan)

55% Black Tungsten Concentrate: 140,000-141,000 yuan/standard mt

APT: 209,500-210,500 yuan/mt (+500 yuan)

Tungsten Powder: 313-316 yuan/kg

Tungsten Carbide Powder: 308-311 yuan/kg

70% Ferro-Tungsten: 213,000-215,000 yuan/mt

80% Ferro-Tungsten: 219,000-221,000 yuan/mt

【Market Overview】

As actual demand from the downstream consumer market has yet to transmit to the tungsten powder segment, the firmness in tungsten prices was more strongly supported by tungsten concentrate prices.

With the year-end approaching, spot market inquiries increased in activity. However, downstream enterprises in the tungsten industry chain faced financial constraints, leading to delays in procurement operations. Actual transactions are still awaiting the right timing, and tungsten prices are expected to remain range-bound in the short term.

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