Tungsten Prices Continue to Hover at Low Levels, Market Transactions Slightly Decline [SMM Tungsten Daily Review]

SMM, March 4:

Today, the tungsten market remained calm, with sluggish downstream demand.

【Quotation】

65% Black Tungsten Concentrate: 142,000-143,000 yuan/mtu

55% Black Tungsten Concentrate: 140,000-141,000 yuan/mtu

APT: 209,000-211,000 yuan/mt

Tungsten Powder: 313-317 yuan/kg

Tungsten Carbide Powder: 308-312 yuan/kg

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

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

【Market Dynamics】

Domestic tungsten prices continued to hover at low levels, with the bulk market showing a sideways consolidation trend. Transactions on the raw material side were stagnant, and actual transaction prices slightly declined. Smelters faced a passive situation, and most market participants adopted a wait-and-see attitude.

In the short term, the tungsten market is expected to face certain downward pressure, with prices fluctuating within a relatively small range.

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