SMM Analysis: Stable Raw Material Market Amid Mild Tungsten Price Rebound and APT Contract Deliveries

[SMM Analysis: Stable Raw Material Market with Mild Tungsten Price Rebound]

The APT market has entered a new round of long-term contract delivery period, and suppliers have shown reluctance to sell due to a slight mismatch between raw material prices and their spot prices, with low enthusiasm for active quotations in the bulk market. Meanwhile, as the year-end stocking period approaches, APT smelters have gradually started to increase their operating rates, with procurement demand for raw materials expected to follow.

In the tungsten powder market, inquiries have increased, but as most restocking plans in the cemented carbide market are scheduled for January, the recent slight rise in tungsten prices has not effectively boosted the circulation volume in the tungsten powder market.