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Home / Metal News / Supplier Quotes Remain Firm, Market Transactions Decline [SMM Tungsten Daily Review]

Supplier Quotes Remain Firm, Market Transactions Decline [SMM Tungsten Daily Review]

iconJan 23, 2025 14:36
Source:SMM
[SMM Tungsten Daily Review: Suppliers Stand Firm on Quotes, Market Transactions Weaken] Affected by the Chinese New Year holiday, suppliers are more inclined to request cash transactions, and transactions in the tungsten smelting and downstream markets have almost come to a halt, with users generally adopting a wait-and-see attitude. Concerns over tight ore supply continue to support the market center. Smelters' production loads and procurement demand have both declined, while producers' quotes remain firm, but transactions are gradually decreasing.

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.

》View SMM Tungsten and Molybdenum Product Prices, Data, and Market Analysis

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For queries, please contact William Gu at williamgu@smm.cn

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