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

Published: Apr 18, 2025 15:12

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SMM Tungsten Daily Review: Some Companies Obtain Export Licenses, Foreign Trade Order Quotations Increase. Today, the tungsten market overall showed a stalemate. 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. On the downstream powder factory side, some companies have obtained export licenses and started quoting for foreign trade orders. Due to the lengthy process of export procedures, the resulting storage costs will lead to a slight increase in foreign trade order prices.

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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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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