The local prices are expected to be released soon, stay tuned!
Got it
+86 021 5155-0306
Language:  

Market Supply Tightens, Tungsten Prices May Rise [SMM Tungsten Daily Review]

  • Jan 10, 2025, at 3:48 am
[SMM Tungsten Daily Review: Market Supply Tightens, Tungsten Prices May Rise] Currently, supply is tight in the market, and raw material prices provide strong support for the tungsten market. Traders face difficulties in restocking, and inventory is gradually decreasing, leading them to hold back sales. Smelters also have robust demand for ore but find it difficult to procure at ideal prices.

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.

》View SMM Tungsten and Molybdenum Product Prices, Data, and Market Analysis

》Click to View SMM Molybdenum Spot Prices

》Subscribe to View Historical Price Trends of SMM Metal Spot Prices

 

  • Selected News
  • Tungsten-Molybdenum
Live chat via WhatsApp
Help us know your opinions in 1minutes.