SMM, January 23:
Today, the tungsten market remained calm, with transactions mainly driven by rigid demand.
【Quotation Overview】
65% Black Tungsten Concentrate: 144,500-145,000 yuan/mtu
55% Black Tungsten Concentrate: 143,500-144,000 yuan/mtu
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】
Affected by the Chinese New Year holiday, suppliers preferred cash transactions, while transactions in tungsten smelting and downstream markets nearly came to a halt, with users generally adopting a wait-and-see attitude.
Concerns over tight ore supply continued to support the market center. Smelters' production loads and procurement demand both declined, producers maintained firm quotes, but transactions gradually decreased.
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