Tungsten Market Remains Deadlocked, Actual Transactions Await Implementation [SMM Tungsten Daily Review]

SMM March 31 News:

Today, tungsten prices remained generally stable, with slight increases in downstream powder plant quotations.

[Quotation Details]

65% Black Tungsten Concentrate: 139,500-140,500 yuan/mt

55% Black Tungsten Concentrate: 137,500-138,500 yuan/mt

APT: 208,000-209,000 yuan/mt

Tungsten Powder: 311-314 yuan/kg

Tungsten Carbide Powder: 306-309 yuan/kg

70% Ferrotungsten: 215,000-217,000 yuan/mt

80% Ferrotungsten: 219,000-221,000 yuan/mt

[Market Dynamics]

Today, the tungsten market remained relatively stagnant. Upstream mines held onto their stocks in anticipation of price increases and temporarily halted sales. Smelters also stopped quoting due to tight raw material supply, observing market trends for further actions. Downstream powder plants, under cost pressure, passively followed the upward adjustment in product prices. Current market views remain divided, with everyone waiting for more transaction confirmations.

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