China’s tungsten raw material market is weak, and tungsten concentrates production is operating at low levels.

Published: Jul 6, 2026 10:34

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[Tungsten News] SMM, July 6: Today, the domestic tungsten raw material market was mainly in the doldrums. Last Friday, a mine in Guangdong auctioned 43 standard tonnes (65% WO3 basis) of low-grade tungsten concentrates, which ultimately failed to attract any bids. Inquiries were sluggish, and with considerable market uncertainty, traders were less willing to enter the market. Smelters mainly restocked based on long-term contracts and rigid demand. Spot orders were concluded at transaction prices below the online price, with some deals done at 430,000–450,000 yuan per standard tonne (65% WO3 basis). According to the SMM survey, China’s tungsten concentrates production edged down MoM in June, mainly because safety inspections in Jiangxi and Hunan caused a slight decline in output at some mines. In addition, some small mines in Henan also reduced or suspended production due to reasons such as the exhaustion of first-half quotas. In July, with the flooding season in south China, tungsten concentrates production was expected to remain at low levels. However, amid sluggish shipments across the industry in Q2, there was still some inventory in the tungsten concentrates market waiting to be cleared. This week, attention will focus on long-term contract information in the industry and changes in downstream restocking sentiment.

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