Market Sentiment Remains Cautious, Tungsten Product Prices Show Uncertainty [SMM Tungsten Daily Review]

Published: Feb 10, 2025 11:36

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[SMM Tungsten Daily Review: Market Sentiment Remains Cautious, Tungsten Product Prices Show Uncertainty] Due to tight supply at the mine end, prices rose slightly after the holiday. However, weak consumption demand and limited acceptance of high prices by downstream buyers persist. Considering that transactions have not fully recovered, market inquiries and trading activity remain low. Additionally, foreign trade is adjusting to the trade conditions for various tungsten products following the implementation of export control measures.

SMM February 10 News:

Today, tungsten prices remained stable with minimal market fluctuations.

【Quotation Details】

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

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

APT: 212,500-213,500 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】

Due to tight supply at the mining end, prices rose slightly after the holiday. However, weak consumption demand and limited downstream acceptance of high prices constrained the market. Considering that trading has not fully resumed, market inquiries and transaction activity remained low. Additionally, foreign trade businesses are adjusting to the trade conditions for various tungsten products following the implementation of export control measures.

Currently, with cost and demand pressures offsetting each other, market sentiment is cautious, and a wait-and-see attitude prevails. Further observation is needed to determine future trends.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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