Tungsten Market Prices Remain Stable as Sentiment Takes the Lead [SMM Tungsten Daily Review]

SMM, December 27:

Today, the tungsten market remained in a consolidation phase, with tungsten prices showing no upward trend and downstream market transactions relatively stable.

【Price Quotations】

65% Black Tungsten Concentrate: 142,000-143,000 yuan/mtu

55% Black Tungsten Concentrate: 140,000-141,000 yuan/mtu

APT: 209,500-210,500 yuan/mt

Tungsten Powder: 313-316 yuan/kg

Tungsten Carbide Powder: 308-311 yuan/kg

70% Ferro-Tungsten: 213,000-215,000 yuan/mt

80% Ferro-Tungsten: 219,000-221,000 yuan/mt

【Market Dynamics】

As month-end approaches, buyer inquiries have increased, with slight growth in actual procurement. The quotation for 65% black tungsten concentrate remained stable at 143,000 yuan/mtu, and suppliers were confident.

Smelters, affected by high costs, showed low enthusiasm for quoting APT spot cargoes, with actual transaction negotiations concentrated in the 210,500-211,000 yuan/mt range.

The downstream hard alloy market did not see a significant increase in procurement enthusiasm, keeping tungsten powder prices stable, with market circulation remaining steady.

Overall, the tungsten market's supply and demand remain in a state of contention. Although tungsten prices have stopped declining, their short-term upward potential remains limited.

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