Market Liquidity Slows Down, Tungsten Industry Faces Profitability Challenges [SMM Tungsten Daily Review]

SMM January 15 News:

Today, tungsten prices remained generally stable. At the turn of the year, the market exhibited a weak supply and demand dynamic.

【Price Quotations】

65% Black Tungsten Concentrate: 144,500-145,000 yuan/mtu

55% Black Tungsten Concentrate: 143,500-144,000 yuan/mtu

APT: 211,000-213,000 yuan/mt

Tungsten Powder: 318-320 yuan/kg

Tungsten Carbide Powder: 309-312 yuan/kg

70% Ferro-Tungsten: 215,000-217,000 yuan/mt

80% Ferro-Tungsten: 220,000-222,000 yuan/mt

【Market Dynamics】

Currently, as factories gradually shut down for holidays and maintenance, consumers' restocking willingness has weakened, leading to a slowdown in market liquidity. Smelters mainly rely on long-term orders for production and show low acceptance of high-priced raw materials. Although quotations for tungsten raw materials remain firm, downstream confidence in price increases is insufficient, resulting in a tug-of-war in overall transactions.

Due to persistently high costs in the downstream market, producers are reluctant to offer significant discounts. Meanwhile, weak demand has made it difficult to achieve high-price transactions, and overall market fluctuations remain relatively limited.

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