Some Enterprises Obtained Export Licenses, Foreign Trade Order Quotations Increased [SMM Tungsten Daily Review]

SMM April 18 News:

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

[Quotation Details]

65% Black Tungsten Concentrate: 143,000-144,000 yuan/mt

55% Black Tungsten Concentrate: 141,000-142,000 yuan/mt

APT: 211,000-213,000 yuan/mt

Tungsten Powder: 315-318 yuan/kg

Tungsten Carbide Powder: 310-313 yuan/kg

70% Ferrotungsten: 216,000-218,000 yuan/mt

80% Ferrotungsten: 220,000-222,000 yuan/mt

[Market Dynamics]

Today, the tungsten market remained largely stagnant. Upstream mines primarily accepted long-term contract orders, with all capacity allocated to these contracts, and spot orders were not quoted. Smelters also halted quotations due to tight raw material supply, resulting in a strong wait-and-see sentiment across the market. In the downstream powder sector, some companies have obtained export licenses and began quoting for foreign trade orders. Due to the lengthy export procedure cycle, storage costs will lead to a slight increase in foreign trade order prices.

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