Weekly Review of the Tungsten Market [SMM Tungsten Weekly Review]

Published: Dec 27, 2024 21:15

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[SMM Tungsten Weekly Review: Weekly Summary of the Tungsten Market] At this stage, the tight supply on the mining side of the tungsten market provides strong support for tungsten prices, but the limited demand on the consumption side hinders the continuous upward trend of tungsten prices. It is expected that before the New Year's holiday, under the continuation of the current situation, tungsten prices will continue to show an upward sentiment but with limited transaction realization.

SMM December 27 News:

This week, tungsten prices overall showed a stable upward trend, with market inquiry sentiment becoming more active. However, constrained by differences in price expectations between buyers and sellers, market transactions did not see a full-scale increase.

During the week: 55% black tungsten concentrate prices rose from 140,000 yuan/standard mt to 141,500 yuan/standard mt; APT prices increased from 210,000 yuan/mt to 211,000 yuan/mt; tungsten powder prices remained stable, with transactions awaiting follow-up.

At present, tight supply on the mining side of the tungsten market provides strong support for tungsten prices, but limited demand on the consumption side hinders the continuous upward movement of prices. It is expected that before the New Year holiday, under the current situation, tungsten prices will continue to show upward sentiment but with limited transaction realization.

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