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

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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