SMM, January 17:
This week, tungsten prices generally showed a steady upward trend, with market inquiry sentiment becoming more active. However, due to differing price expectations between buyers and sellers, trading volume did not see significant growth.
During the week: 55% black tungsten concentrate prices rose from 143,500 yuan/mtu to 143,750 yuan/mtu; APT prices increased from 212,000 yuan/mt to 212,750 yuan/mt; tungsten powder prices remained stable, with transactions awaiting follow-up.
Currently, the tungsten market is facing tight ore supply, providing strong support for tungsten prices. However, insufficient consumption demand has limited further price increases. Before the Chinese New Year holiday, the market is expected to remain stable, with tungsten prices likely to continue rising driven by sentiment, though actual trading volume may remain limited.
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