SMM

[SMM Tungsten Daily Review: Stalemate in Tungsten Market Supply and Demand, Prices Weaken] Currently, the tungsten market is exhibiting a weak price trend, which to some extent reflects the unresolved stalemate in market fundamentals. The scarcity of mineral resources and weak end-use demand have jointly contributed to the unfavorable supply and demand situation. Meanwhile, smelters in the intermediate stages are facing dual pressures of inventory buildup and inverted pricing. Overall market confidence remains low, affecting the trading atmosphere within the industry. In this environment, most merchants are opting for cautious operations, adjusting strategies based on market changes, resulting in a slow pace of commodity circulation reliant on rigid demand.