Tungsten Prices Fluctuate Downward Amid Supply-Demand Imbalance [SMM Tungsten Daily Review]

Published: Mar 5, 2025 11:24

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[SMM Tungsten Daily Review: Tungsten Prices Fluctuate Downward Amid Supply-Demand Imbalance] Recently, the tungsten market remains in a phase of downward fluctuation, with overall market performance showing weakness. Tungsten ore prices face significant downward pressure, and market demand has yet to show clear signs of recovery. The supply-demand relationship remains imbalanced, making improvement difficult. Market participants are adopting a wait-and-see attitude toward the market outlook.

SMM March 5 News:

Today, tungsten prices continued to weaken, with bearish sentiment prevailing in the market.

【Quotation Overview】

65% Black Tungsten Concentrate: 141,000-142,000 yuan/mtu

55% Black Tungsten Concentrate: 139,000-140,000 yuan/mtu

APT: 209,000-210,000 yuan/mt

Tungsten Powder: 313-315 yuan/kg

Tungsten Carbide Powder: 308-310 yuan/kg

70% Ferro-Tungsten: 216,000-218,000 yuan/mt

80% Ferro-Tungsten: 220,000-222,000 yuan/mt

【Market Dynamics】

Recently, the tungsten market has remained in a phase of fluctuating downward, with overall market performance showing weakness. Tungsten concentrate prices are under significant downward pressure, and market demand has yet to show clear signs of recovery. The supply-demand relationship remains imbalanced, making improvement difficult. Market participants are adopting a wait-and-see attitude toward the market outlook.

It is expected that by mid-to-late March, downstream market participants may begin restocking activities. This process could significantly boost market demand, thereby providing some support for tungsten prices. With rising demand, tungsten prices are likely to stabilize or see moderate increases, offering more investment and trading opportunities for market participants.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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