High-priced Tungsten Conduction Hindered, Short-term Volatile Operation Predominates [SMM Tungsten Daily Review]

Published: Jun 17, 2025 16:29

Save

[SMM Tungsten Daily Review: High Tungsten Prices Face Resistance in Transmission, Short-Term Market to Remain Volatile] Today, the tungsten market was mainly in the doldrums, with ore prices showing a slight easing and a decrease compared to the previous period. There were no significant fluctuations in downstream products such as APT, but market transactions tended to be mediocre. Follow-up attention should still be paid to end-user demand.

SMM News on June 17:

Today, the tungsten market was mainly in the doldrums, with ore prices showing a slight easing and declining compared to the previous period. There were no significant fluctuations in downstream products such as APT, but market transactions tended to be mediocre. Follow-up attention should still be paid to end-user demand.
Ore: As of June 17, SMM's wolframite concentrate (65%) closed at 172,000-173,000 yuan/standard mt, down 1,000 yuan/mt from the previous trading day. There were no reports of increased ore production, and market inventory levels remained relatively low, with limited room for overall market conditions to ease.
Ammonium Paratungstate: Today, SMM's ammonium paratungstate (≥88.5%) was quoted at 250,000-254,000 yuan/mt, with an average price of 252,000 yuan/mt, unchanged from the previous trading day. Affected by factors such as some suppliers realizing profits through arbitrage, the market liquidity of ammonium paratungstate improved. Coupled with weakening orders from downstream enterprises, the market was under pressure, and prices showed a slight decline. However, due to poor industry profitability at present, cost support from enterprises remained strong.
In the short term, the tungsten market is consolidating at high levels on the cost side, but poor end-use demand is suppressing price increases. In the short term, there is a tug-of-war between longs and shorts, with consolidation at high levels being the main trend.

[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

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 hours ago

A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.

[Tungsten Concentrate Tender Information] SMM February 7: A mine in Henan conducted an online tender on February 6 to sell 300 metric tons of low-grade tungsten concentrate. Lot A had an average WO3 grade of ≥25%, while Lots B and C had an average WO3 grade of ≥22%. The tender results for each lot are as follows: Lot A: 100 metric tons, tender price of 10,155 yuan/mtu. Lot B: 100 metric tons, tender price of 10,160 yuan/mtu. Lot C: 100 metric tons, tender price of 10,155 yuan/mtu.

4 hours ago

Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026

[Ganzhou Tungsten Industry Association's February Tungsten Price Forecast] The Ganzhou Tungsten Industry Association's forecast prices for the tungsten market in February 2026 are as follows: 55% black tungsten concentrate at 670,000 yuan per metric ton unit, up 210,000 yuan per metric ton unit MoM from the January price, an increase of 45.65%; ammonium paratungstate at 970,000 yuan/mt, up 300,000 yuan/mt MoM, an increase of 44.78%; medium-grain tungsten powder at 1,630 yuan/kg, up 480 yuan/kg MoM, an increase of 41.74%.

4 hours ago

Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up

Driven by tight spot raw material supply, a sharp hike in corporate long-term contract prices and festive effects, the tungsten market saw price rises on shrinking volumes this week with domestic and overseas markets moving up in tandem; the strong short-term trend is set to continue, and attention should be paid to the resumption of cemented carbide production, scrap tungsten supply and downstream demand release after the Spring Festival.

4 hours ago