Recently, with mainstream tungsten concentrate enterprises successively supplying products, the tungsten concentrate market has once again shown an upward trend. According to the latest market data, the price of SMM wolframite (65%) is 172,000-173,000 yuan per metric ton (mt), up 1,000 yuan per mt from the previous trading day. Currently, the market liquidity is relatively tight, with suppliers offering firm quotes. Meanwhile, downstream demand is cautious due to the high prices, with restocking mainly driven by immediate needs.