Tungsten market fluctuates at highs, with APT, tungsten powder and other products rising again [SMM Tungsten Daily Review]

SMM News on June 5:

The overall tungsten market remained in a stalemate today. Upstream ore suppliers are waiting for guidance on long-term contract prices from mines, resulting in fewer transactions in the market. Downstream ferrotungsten and tungsten powder prices have risen again.

Ore Segment: Today, SMM's black tungsten concentrate (65%) closed at 171,000-172,000 yuan/mt (metric ton), unchanged from the previous trading day. The market circulation of tungsten concentrate is tight, with suppliers offering firm quotes. The market anticipates an increase in long-term contract prices from mines. Downstream players are cautious about purchasing due to high prices.

Ammonium Paratungstate (APT): Today, SMM's APT (≥88.5%) is quoted at 250,000-254,000 yuan/mt, with an average price of 252,000 yuan/mt, up 1,000 yuan/mt from the previous trading day. Sporadic high-price transactions have occurred in the market. Downstream purchasing power is moderate. Currently, APT costs are driving the market strongly, and it is expected to remain strong in the short term.

Ferrotungsten: Today, SMM's ferrotungsten (≥70%) is quoted at 250,000-253,000 yuan/mt, with an average price of 251,500 yuan/mt. The industry price has finally broken through the 250,000 yuan/mt threshold, reaching a record high. The high cost of upstream ore for ferrotungsten, coupled with poor industry profitability, supports the price increase driven by cost logic. Downstream industries such as high-speed steel have moderate industry orders, and market transactions are also moderate.

[Quotation Status]

》View SMM's tungsten and molybdenum product quotations, data, and market analysis

》Click to view SMM's molybdenum spot quotations

》Subscribe to view SMM's historical price trends for metal spot products