Guangdong Xianglu Tungsten Long-term contract prices including tax for the first half of February 2026 are as follows:
Black tungsten concentrate with grade above 55%: 691,000 yuan/mtu, up 135,000 yuan/mtu MoM.
White tungsten concentrate with grade above 55%: 690,000 yuan/mtu, up 135,000 yuan/mtu MoM.
Ammonium paratungstate: 1,000,000 yuan/mt, up 200,000 yuan/mt MoM.
All prices include 13% VAT.
![[SMM Analysis] Logistics Slowdown Causes Disruption in Goods Flow, Stainless Steel Social Inventory Rises Temporarily](https://imgqn.smm.cn/usercenter/tjmLW20251217171722.jpeg)

