Tungsten Market Stalemate Continues With Strong Sentiment of Market Watchfulness [SMM Tungsten Daily Review]

Published: Mar 24, 2025 15:34

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[SMM Tungsten Daily Review: Stalemate in Tungsten Market Continues With Strong Wait-and-See Sentiment] Currently, buyers and sellers in the tungsten market are at an impasse due to a lack of actual transaction data, leading to a significant decrease in liquidity. Demand remains stable, showing no clear signs of increase or decline, which directly results in stagnant tungsten prices. There is some confusion in certain segments of the market, with sentiment clearly divided, and all parties exhibiting a strong wait-and-see attitude. Under these circumstances, market participants appear cautious and hesitant in their decision-making, making the overall market seem calm on the surface but tense beneath.

SMM March 24 News: Today, the tungsten market continued to maintain a wait-and-see attitude, with long-term order quotations from large enterprises continuously decreasing. [Quotation Status] 65% Black Tungsten Concentrate: 139,000-140,000 yuan/mt 55% Black Tungsten Concentrate: 137,000-138,000 yuan/mt APT: 207,000-208,000 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, buyers and sellers in the tungsten market were at an impasse due to a lack of actual transaction data, leading to a significant decrease in liquidity. Demand remained stable, showing no clear increase or decrease, directly causing tungsten prices to stagnate. There was some confusion in the local market, with significantly divided market sentiment and a strong wait-and-see attitude among all parties. Under these circumstances, market participants appeared cautious and hesitant in their decision-making, making the market appear calm but tense. 》View SMM Tungsten and Molybdenum Product Quotations, Data, and Market Analysis 》Click to View SMM Molybdenum Spot Quotations 》Subscribe to View SMM Metal Spot Historical Price Trends

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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