Tungsten Market Inquiries Increase, Tungsten Prices Remain Stable in the Short Term [SMM Tungsten Daily Review]

Published: Mar 19, 2025 15:56

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[SMM Tungsten Daily Review: Tungsten Market Inquiries Increase, Tungsten Prices Remain Stable in the Short Term] Recently, tungsten market prices have been relatively stable. Raw material suppliers have generally adopted a strategy of holding back sales, leading to tight supply in the market. In addition, many smelters have chosen to suspend quotations and observe market trends. Meanwhile, downstream powder producers hold differing views on the future price trends of high-priced raw materials, making them more cautious in their procurement strategies, typically purchasing based on actual demand. Currently, inquiry activities in the market have increased. However, overall market price fluctuations remain relatively small.

SMM March 19 News:

Recently, inquiries for tungsten have increased slightly due to rigid demand, but overall tungsten prices have remained relatively stable.

【Price Quotations】

65% Black Tungsten Concentrate: 139,000-140,000 yuan/standard mt

55% Black Tungsten Concentrate: 137,000-138,000 yuan/standard mt

APT: 206,500-207,500 yuan/mt

Tungsten Powder: 311-313 yuan/kg

Tungsten Carbide Powder: 306-308 yuan/kg

70% Ferro-Tungsten: 215,000-217,000 yuan/mt

80% Ferro-Tungsten: 219,000-221,000 yuan/mt

【Market Dynamics】

Recently, tungsten market prices have been relatively stable. Raw material suppliers have generally adopted a strategy of holding back sales, leading to tight supply in the market. Additionally, many smelters have chosen to suspend quotations and observe market trends. Meanwhile, downstream powder producers hold differing views on the future price trends of high-cost raw materials, making their procurement strategies more cautious, typically purchasing based on actual demand. Currently, inquiry activities in the market have increased slightly. However, overall price fluctuations in the market remain relatively small.

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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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