Tungsten Market Sees Mild Rebound as Supply Is Tight and Price Adjustments Intertwine [SMM Tungsten Daily Review]

SMM, January 21:

Today, the domestic tungsten market continued to rise, with market offers remaining firm.

【Quotation Details】

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

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

APT: 212,500-213,000 yuan/mt

Tungsten Powder: 318-320 yuan/kg

Tungsten Carbide Powder: 309-313 yuan/kg

70% Ferro-Tungsten: 215,000-220,000 yuan/mt

80% Ferro-Tungsten: 220,000-225,000 yuan/mt

【Market Dynamics】

The domestic tungsten market continued its upward trend, with the overall market showing a mild rebound. Due to maintenance and shutdowns at mines and smelters, raw material supply remained tight, and suppliers were noticeably reluctant to sell or lower prices.

Additionally, large tungsten enterprises raised their long-term contract prices in the second half of the month, providing new positive momentum and support to the market. However, with the Chinese New Year holiday approaching, the pre-holiday price increase may narrow.

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