SMM, December 30:
At the beginning of the week, tungsten market prices remained stable: tungsten concentrate prices held firm, downstream market demand followed up, and market sentiment improved.
【Quotation Overview】
65% Black Tungsten Concentrate: 142,500-143,000 yuan/mtu
55% Black Tungsten Concentrate: 140,500-141,000 yuan/mtu
APT: 210,000-211,000 yuan/mt
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 Dynamics】
With the approach of the New Year, the tungsten market is expected to see replenishment of rigid demand, which may be released intensively after the holiday, injecting confidence into the upstream market and maintaining positive market sentiment.
Negotiations for 55% black tungsten concentrate centered around 141,000 yuan/mtu, while APT prices rose to 211,000 yuan/mt. Trading volumes have not yet increased significantly; tungsten powder prices remained stable, with an increase in inquiries, but actual transactions are expected to be observed further after the holiday.
Overall, tungsten prices have shown signs of stabilizing, but an upward trend still requires more support from trading volume.
》View SMM Tungsten and Molybdenum Product Prices, Data, and Market Analysis
》Click to View SMM Molybdenum Spot Prices
》Subscribe to View SMM Historical Metal Spot Price Trends
