The tungsten market consolidates on a weak note, with transaction prices mostly below long-term contract prices.

Published: Jul 13, 2026 11:16

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[Tungsten Express] SMM July 13 News: The tungsten market mainly consolidated on a weak note, with spot market transactions significantly lower than online prices. Last Friday, a Guangdong enterprise sharply lowered its long-term contract prices, and the long-term contract price for 55% wolframite concentrates was set at 411,000 yuan, slightly higher than the spot order transaction price on that day. As of today, the spot wolframite concentrates market experienced some price collapse. Suppliers showed strong willingness to sell, and some traders entered the market to buy at low prices. Market transactions took place below the long-term contract price range, with some medium- to low-grade ore transactions at 380,000-390,000 yuan per standard tonne (65% WO3 basis). High-grade ore prices showed resistance to declines, with transaction prices concentrated around 390,000-410,000 yuan per standard tonne (65% WO3 basis).

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