Market Sentiment Worsens as Supply-Demand Imbalance Leads to Divergence Between Bulls and Bears [SMM Tungsten Daily Review]

SMM, February 18:

Today, the tungsten market showed a relatively weak overall performance, with price fluctuations being relatively small.

【Quotation Details】

65% Black Tungsten Concentrate: 144,000-145,000 yuan/mtu

55% Black Tungsten Concentrate: 142,500-143,500 yuan/mtu

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

Tungsten Powder: 316-320 yuan/kg

Tungsten Carbide Powder: 311-315 yuan/kg

70% Ferro-Tungsten: 216,000-218,000 yuan/mt

80% Ferro-Tungsten: 220,000-222,000 yuan/mt

【Market Dynamics】

After the Lantern Festival, market supply has somewhat recovered, but demand has not fully followed up, leading to a divergence between bullish and bearish sentiments.

Recent transactions have been relatively quiet, with slow progress in orders and overall low trading enthusiasm. All parties remain cautious amid ongoing cost and demand negotiations, with the actual trading center showing slight loosening.

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