On June 20, major domestic tungsten enterprises successively finalized long-term supply prices for tungsten concentrate and APT products. Among them, the long-term contract price of national standard black tungsten concentrate was locked in the high range of 171,000-172,000 RMB/metric ton-degree, and the APT long-term price was anchored at 251,000 RMB/ton.

On June 20, major domestic tungsten enterprises successively finalized long-term supply prices for tungsten concentrate and APT products. Among them, the long-term contract price of national standard black tungsten concentrate was locked in the high range of 171,000-172,000 RMB/metric ton-degree, and the APT long-term price was anchored at 251,000 RMB/ton.

[SMM Analysis: Long-term Contracts Finalised in the Second Half of June - How Will the Tungsten Market Perform in the Future?] On June 20, major domestic tungsten enterprises successively finalised the long-term contract prices for tungsten concentrate and APT products. Among them, the long-term contract prices for black tungsten concentrate conforming to national standards were locked in the high range of 171,000-172,000 yuan/metric tonne, while the long-term contract price for APT was anchored at 251,000 yuan/mt. The implementation of long-term contracts at high prices by major producers has provided solid support for the "fluctuation at highs" of the tungsten market in the second half of June. The market situation has become clearer, and prices are expected to hover at highs in the short term.

[SMM Tungsten Daily Review: Domestic Tungsten Market Holds Steady While Overseas Market Rises Again, Focus on Subsequent Long-Term Contract Pricing] On June 19, the domestic tungsten market remained stable, with upstream suppliers mostly making shipments under long-term contracts. The operations of downstream smelters and cemented carbide enterprises weakened, with most of them replenishing raw materials as needed. The overseas tungsten market still faced tight supply, and prices rose slightly.

[SMM Molybdenum Daily Review: Molybdenum Concentrate Quotations Remain Firm, While Molybdenum Ferroalloy Steel Tender Prices Struggle to Rise in the Downstream Market] SMM News on June 19: Today, the molybdenum market shows a divergence between the upstream and downstream sectors. The inventory at the upstream mine end is low, with mines and suppliers maintaining firm quotations. In the downstream market, the transaction prices of molybdenum ferroalloy steel tenders struggle to rise. The downstream demand for molybdenum chemicals is poor, and ammonium molybdate products are experiencing a gradual decline.

[SMM Tungsten Daily Review: Tungsten Market Remained Stable Overall Today, with Tungsten Product Exports Down Nearly 30% YoY from January to May] Today, the tungsten market operated in a stable manner. Upstream suppliers mainly made shipments under long-term contract, while downstream smelters and cemented carbide enterprises saw weakened operations, primarily replenishing raw materials as needed.

[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 Molybdenum Daily Review: Molybdenum Concentrate Tender Transaction Prices Remain Firm, Market Sentiment Leans Towards Wait-and-See] SMM News on June 16: Today, the sentiment of suppliers in the molybdenum market has loosened, with the mine side operating steadily for now. However, the circulation in the ferromolybdenum market is slightly looser, and prices have seen a slight correction.

[SMM Tungsten Daily Review: Tungsten Market Shows Divergence, Upstream Ore Prices Fluctuate at Highs, Downstream Under Pressure] Today, the tungsten market experienced a slight drop. From the perspective of the industry chain, ore supply remains tight, with firm quotes. Some traders have closed spot orders, with quotes hovering around 171,000 yuan/mt. Downstream APT and powder sectors have seen slight price reductions due to weak end-use demand.

[SMM Molybdenum Daily Review: Suppliers' Sentiment in Molybdenum Market Loosens, Ferromolybdenum Prices Experience Slight Correction] SMM News on June 16: Today, suppliers' sentiment in the molybdenum market has loosened. The ore sector is operating steadily for now, but the circulation in the ferromolybdenum market is slightly looser, leading to a slight correction in prices.