SMM, January 10:
The tungsten market remained stable overall today, but ore prices saw a slight increase.
【Price Quotations】
65% Black Tungsten Ore: 143,500-144,000 yuan/standard mt
55% Black Tungsten Ore: 142,000-142,500 yuan/standard mt
APT: 211,000-212,000 yuan/mt
Tungsten Powder: 314-317 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, supply is tight in the market, and raw material prices are providing strong support to the tungsten market. Traders are facing difficulties in restocking, with inventories gradually decreasing, leading them to hold back on sales. Smelters also have robust demand for ore but are struggling to procure it at ideal prices.
Meanwhile, downstream market demand remains weak, and the tug-of-war between upstream and downstream players is particularly intense. Overall, tungsten prices have remained relatively stable, though there is still potential for slight increases.
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