Chinese tungsten prices continue to remain stable, with resilience observed at the mining end. Intermediate smelters and downstream users face challenges in balancing demand and resource supply costs, leading to a cautious and observant market sentiment. Overall, trading activity remains light.

The price of tungsten concentrate is maintained at the level of $17,571.4/ton, and the overall sentiment at the mining end remains resilient and stable. However, downstream acceptance of high-level raw materials is limited due to substantial demand factors, leading to a market characterized by cautious trading.

Ammonium paratungstate (APT) prices are held at $293.8/mtu. Limited consumption power downstream, coupled with notable cost pressures at the factory level, results in large tungsten enterprises providing long-term quotations reflecting the current market's stable and stagnant state, with transactions being released according to demand.

Tungsten powder prices are consolidating at the level of $39.0/kg. Downstream stocking intentions remain inactive, and the fundamental market status in the hard alloy sector restrains the powder raw material market. The market's recent stance is characterized by a wait-and-see attitude.

The tungsten scrap market remains relatively stable, with grinding material prices above $0.3 per degree. The overall supply and demand in the scrap market show a dual weak state, with sellers mainly adopting a resilient stance, buyers exercising caution in receiving goods, and the market exhibiting a lukewarm atmosphere in terms of actual transactions.

Information comes from Chinatungsten Online, If there is infringement, contact delete.

www.chinatungsten.com