Back-and-Forth Negotiations Between Upstream and Downstream Stagnate, Tungsten Prices Stabilize [SMM Tungsten Daily Review]

Published: Mar 20, 2025 11:30

Save

[SMM Tungsten Daily Review: Stalemate in Back-and-Forth Negotiations Between Upstream and Downstream, Tungsten Prices Stabilize] Currently, domestic tungsten prices show a stable trend. Although recent inquiries from the downstream market have increased, overall trading volume remains stagnant. The recovery of market demand is relatively slow, and industry insiders generally maintain a cautious attitude. In terms of supply, there is continued support for market conditions, while weak demand suppresses buying sentiment, leading to low trading activity. The back-and-forth negotiations between upstream and downstream are intense, and industry insiders still have a strong wait-and-see sentiment.

SMM March 20 Update: Today, tungsten prices continued to hold steady, with market inquiries increasing. [Quotation Details] 65% black tungsten concentrate: 139,000-140,000 yuan/mt 55% black tungsten concentrate: 137,000-138,000 yuan/mt APT: 206,500-207,500 yuan/mt Tungsten powder: 311-313 yuan/kg Tungsten carbide powder: 306-308 yuan/kg 70% ferrotungsten: 215,000-217,000 yuan/mt 80% ferrotungsten: 219,000-221,000 yuan/mt [Market Dynamics] Currently, domestic tungsten prices showed a stable trend. Although recent inquiries from the downstream market increased, overall trading volume remained stagnant. The recovery of market demand was relatively slow, and industry insiders generally maintained a cautious attitude. In terms of supply, it continued to support market conditions, while weak demand suppressed buying sentiment, leading to low trading activity. Back-and-forth negotiations between upstream and downstream were intense, and industry insiders still held strong sentiments of waiting and watching. 》View SMM Tungsten and Molybdenum Product Quotations, Data, and Market Analysis 》Click to View SMM Molybdenum Spot Prices 》Subscribe to View Historical Price Trends of SMM Metal Spot

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

A Mine in Jiangxi Sold 128 mt of Molybdenum Concentrates at 5,130 yuan/mtu

[Molybdenum News Flash] SMM reported on June 2: A mine in Jiangxi sold 128 mt of molybdenum concentrates with 40%-45% grade (average copper 2.175%, average phosphorus 0.084%). The auction transaction price was 5,130 yuan/mtu, with a reserve price of 5,000 yuan/mtu, settled at 35% cash and 65% bank acceptance.

11 hours ago

14 hours ago

A Mine in Henan Sold 132 mt of Molybdenum Concentrates via Tender

[Molybdenum News Flash] SMM reported on June 2: A mine in Henan issued a tender to sell 132 mt of molybdenum concentrates with a grade of 45%-50%, with a minimum bid price of 5,050 yuan/mtu.

14 hours ago

Jun 1, 2026 15:43

[SMM Analysis] May Tungsten Market Review: High-Level Consolidation in Europe vs Recovery Signs in China

In May, European APT prices held firm above $3,000/mtu amid tight supply, while scrap tungsten dropped sharply. China's tungsten prices rebounded late in the month as sentiment improved, though downstream demand remained soft. A cautious bottoming trend emerged.

Jun 1, 2026 15:43