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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