SMM, January 14:
Today, raw material prices remained firm, while downstream demand stayed subdued.
【Quotation Details】
65% Black Tungsten Concentrate: 144,500-145,000 yuan/mtu
55% Black Tungsten Concentrate: 143,000-144,000 yuan/mtu
APT: 211,000-213,000 yuan/mt
Tungsten Powder: 318-320 yuan/kg
Tungsten Carbide Powder: 309-312 yuan/kg
70% Ferro-Tungsten: 215,000-217,000 yuan/mt
80% Ferro-Tungsten: 220,000-222,000 yuan/mt
【Market Dynamics】
Currently, tungsten prices remain stable and firm. With the Chinese New Year approaching, the mining sector has entered the holiday and maintenance phase in advance, leading to tight supply, which provides strong support to the market.
However, demand-side activity remains weak, as consumers are hesitant to follow up on new orders due to concerns over high prices, resulting in a gradually cooling market sentiment.
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