Weekly Review of Tungsten Market on February 21 [SMM Tungsten Weekly Review]

Feb 21, 2025, at 11:28 am

[SMM Tungsten Weekly Review: Weekly Brief on Tungsten Market as of February 21] Currently, affected by export controls, the export volume of tungsten products has decreased, leading to relatively volatile market sentiment. As the month-end approaches, upstream mining enterprises are expected to resume production, and some traders are eager to lower prices for sales, causing a slight decline in raw material prices. Meanwhile, downstream demand remains weak, and the overall market sentiment is predominantly cautious.

This week, tungsten prices showed a slight downward trend overall. Market inquiries were relatively quiet, trading activity was subdued, and trading volume did not see significant growth. During the week: The negotiated price of 55% black tungsten concentrate declined from 143,000 yuan/standard mt to 141,500 yuan/standard mt; APT prices dropped from 212,500 yuan/mt to 211,500 yuan/mt; tungsten powder prices fell from 318 yuan/kg to 316 yuan/kg. Currently, affected by export controls, the export volume of tungsten products has decreased, leading to fluctuating market sentiment. As the month-end approaches, upstream mining enterprises are expected to resume production, and some traders are eager to lower prices for sales, causing a slight decline in raw material prices. Meanwhile, downstream demand remains weak, and the overall market sentiment is cautious. 》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

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